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5826 East 44th Street Indianapolis, IN 46226

3 Beds 2 Baths 2,184 sqft Built 1955

$99,900

List Price

$890

$801 - $979

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $45.74
  • 3 Days on Market
  • MLS # : 21771125
  • Updated Date : 03/12/2021 at 18:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,184 sqft
  • Baths : 1 full , 1 half
Listing Agent

Carpenter, Realtors®

Listing Agent's Description

This 3 bedroom 1.5 bath ranch with a full basement is a must see! The home sits on a very spacious lot surrounded with mature trees and large private backyard great for outdoor entertaining! The inside offers a large living room upon entering, eat-in kitchen with appliances included, new vinyl windows, a newly installed furnace and water heater, and a 2 room very spacious unfinished basement ready for you to finish to your desires! This home will not last long on the market! Schedule a showing today to see all the endless possibilities this home can provide!

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PRICE & RENT TRENDS

Neighborhood: Devington

NeighborhoodNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160kPrice in $56k168k

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

Neighborhood: Devington

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2650700750800850900950100010501100115012001250Rent in $6411268

* 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
Arlington Middle School Middle Unknown NA
Arlington Middle School Middle Unknown NA

Arlington Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Arlington Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$89,910$109,890$99,900

PURCHASE PRICE

$801$979$890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $890
EXPENSES Loan Payment -$347
Property Tax -$192
Property Insurance -$69
Property Management Fees -$80
CASH FLOW
$201

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.

$99,900

PROJECTED PRICE

$890

PROJECTED RENT

0.89%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 1.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.45%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$50k$100k$150k$200k$250k$300k$350k

PROJECTED ANNUAL CASH FLOW

11530$0.0$1.0k$2.0k$3.0k$4.0k$5.0k$6.0k$7.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$32,224

INVESTMENT

$32,224

Down Payment
$24,975
Rehab Estimate
$5,750
Closing Costs
$1,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$347

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $24,975
Loan Amount $74,925
See What Happens When You Reinvest Cash Flow

11.42

YEARS SAVED

$17,944

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $890

    LIST RENT
  • $0.41

    LIST RENT PER SQFT
  • $994

    COMP ESTIMATED VALUE
  • $0.45

    COMP AVG. RENT PER SQFT
Comps Range
$825
1$8252$8753$8904$1,0505$1,150
$1,150
RENT COMPS ANALYSIS
  • 5826 East 44th Street Indianapolis, IN 3
    • 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 1955 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $890
    • $0.41
    •  
  • 3814 North Arlington Avenue Indianapolis, IN 1
    • 3 beds 1 baths ∙ 2,080 Sqft ∙ Built 1952 3 beds 1 baths ∙ 2,080 Sqft ∙ Built 1952
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $825
    • $0.40
    •  
  • 5945 East 39th Street Indianapolis, IN 2
    • 3 beds 1 baths ∙ 2,080 Sqft ∙ Built 1952 3 beds 1 baths ∙ 2,080 Sqft ∙ Built 1952
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $875
    • $0.42
    •  
  • 4416 North Lesley Avenue Indianapolis, IN 4
    • 3 beds 1 baths ∙ 2,160 Sqft ∙ Built 1958 3 beds 1 baths ∙ 2,160 Sqft ∙ Built 1958
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.49
    •  
  • 4424 North Edmondson Avenue Indianapolis, IN 5
    • 3 beds 2 baths ∙ 2,240 Sqft ∙ Built 1959 3 beds 2 baths ∙ 2,240 Sqft ∙ Built 1959
    LEASED 03/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.51
    •  
PROPERTY LISTING DETAILS
Crystal Holland
1.317.602.0204
Carpenter, Realtors®
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21771125
Last Updated: 03/12/2021
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