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5760 Rosemont Drive Indianapolis, IN 46254

3 Beds 2 Baths 1,264 sqft Built 1990

$165,000

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $130.54
  • 3 Days on Market
  • MLS # : 21770853
  • Updated Date : 03/12/2021 at 13:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,264 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Indy Metro S

Listing Agent's Description

Move-in ready ranch home AVAILABLE NOW in Indianapolis! Nestled in a quiet neighborhood, home is located just minutes from local shopping and dining and access to the interstate - making your morning commute a breeze! You'll love the large great room with vaulted ceiling, spacious kitchen with brand new dishwasher, pantry, lots of extra cabinet and counter space and access to the back patio, master bedroom with brand new plush carpets (2021) and master bath with whirlpool tub. Home includes custom blinds and new lighting throughout, additional attic storage space with ladder access, newer exterior paint and carpeting throughout (2019) and all appliances! MUST SEE TODAY!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Snacks - Guion Creek

NeighborhoodNIR Market*CityMarket2010Year20002019105k110k115k120k125k130k135k140k145k150k155k160k165kPrice in $104k168k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Snacks - Guion Creek

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250Rent in $9211282

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Pike High School High Regular 3,159 161 5

Pike High School

  • Education Level: High
  • # of students: 3,159
  • # of teachers: 161
5
GreatSchools Rating
 

$148,500$181,500$165,000

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$573
Property Tax -$259
Property Insurance -$52
Property Management Fees -$101
CASH FLOW
$136

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$165,000

PROJECTED PRICE

$1,120

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.73%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$573

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$13,982

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,120

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,049

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,120
1$1,1202$1,1953$1,2354$1,2755$1,300
$1,300
RENT COMPS ANALYSIS
  • 5760 Rosemont Drive Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $0.89
    •  
  • 6701 Ossington Drive Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1995
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.82
    •  
  • 6095 Pillory Drive Indianapolis, IN 3
    • 3 beds 3 baths ∙ 1,527 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,527 Sqft ∙ Built 1991
    property image
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,235
    • $0.81
    •  
  • 6115 Tybalt Circle Indianapolis, IN 4
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1995
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.86
    •  
  • 4938 Pembridge Drive Indianapolis, IN 5
    • 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 1995
    property image
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
PROPERTY LISTING DETAILS
Jessica Riley
1.317.213.6380
Keller Williams Indy Metro S
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21770853
Last Updated: 03/12/2021
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