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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $131.58
- 4 Days on Market
- MLS # : 21760661
- Updated Date : 01/16/2021 at 09:09
CONSTRUCTION
- Beds : 3
- Floor Size : 1,976 sqft
- Baths : 2 full
Listing Agent
Cottingham Realty, Appraisal
Listing Agent's Description
Beautiful, open concept ranch on a corner lot in Center Grove community. All bedrooms have walk in closets. Large, fenced in yard. Come take a look at this adorable, move in ready home.
SEE MORE
- Indiana state (in turn Indianapolis being part of Indiana) ranks 10th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019)
- Indianapolis metro's economy is worth $149.7 billion in Gross Metro Product and projected to grow to $158.1 billion in 2019 (USMayors.org, 2018)
- Indianapolis metro has 65.5% labor force participation rate higher than the national rate 62.8%. The participation is expected to grow to 66.2% in 2020 (USMayors.org, 2018)
- Indianapolis metro contributes to 39.8% of Indiana state economy i.e. Gross State Product (USMayors.org, 2018)
- Indianapolis metro employment growth is at 1.6% and predicted to grow at 1.8% in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Zip Code: 46142
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 46142
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,430 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$305 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$28
|
||
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.
$260,000
PROJECTED PRICE
$1,430
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 5.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.07% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,650
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
3.58
YEARS SAVED
$8,892
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,482
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
5878 Oakhaven Drive Greenwood, IN 3
- 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 2010
- Rent
- Rent Per SQFT
- $1,430
- $0.72
-
4915 Aquaduct Drive Greenwood, IN 1
- 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 1998
LEASED 12/30/19- Rent
- Rent Per SQFT
- $1,295
- $0.76
-
4671 Driftwood Lane Greenwood, IN 2
- 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1999
LEASED 12/08/19- Rent
- Rent Per SQFT
- $1,395
- $0.73
-
5837 Columbia Circle Greenwood, IN 4
- 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 2002
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,495
- $0.76
-
5771 Columbia Circle Greenwood, IN 5
- 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2003
LEASED 08/22/19- Rent
- Rent Per SQFT
- $1,700
- $0.75
PROPERTY LISTING DETAILS
Cottingham Realty, Appraisal
