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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $136.52
- 5 Days on Market
- MLS # : 21768232
- Updated Date : 02/27/2021 at 23:09
CONSTRUCTION
- Beds : 3
- Floor Size : 1,120 sqft
- Baths : 2 full
Listing Agent
Alexander Realty Group 1
Listing Agent's Description
Nice ranch home in nice in nice location. Three bedroom home features a large corner lot with a fenced in backyard. Large living room is perfect for entertaining family and friends. Eat in kitchen is ready to for the chef or the person who cooks most meals. 2 full bathrooms. 1 car garage. Close to shopping and entertainment. Good schools.
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PRICE & RENT TRENDS
Neighborhood: I65-South Emerson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: I65-South Emerson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,100 |
| EXPENSES | Loan Payment | -$531 |
| Property Tax | -$239 | |
| Property Insurance | -$49 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$182
|
||
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.
$152,900
PROJECTED PRICE
$1,100
PROJECTED RENT
0.72%
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 | 8.45% |
| 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
$46,269
LOAN DETAILS
$531
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $38,225 |
| Loan Amount | $114,675 |
8.5
YEARS SAVED
$17,701
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,100
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,081
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
5884 La Fleur Court Indianapolis, IN 4
- 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1987
![property image]()
- Rent
- Rent Per SQFT
- $1,100
- $0.98
-
5429 Pecos Court Indianapolis, IN 1
- 3 beds 1 baths ∙ 912 Sqft ∙ Built 1981 3 beds 1 baths ∙ 912 Sqft ∙ Built 1981
![property image]()
LEASED 01/24/20- Rent
- Rent Per SQFT
- $895
- $0.98
-
5155 Brouse Court Indianapolis, IN 2
- 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1988 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1988
![property image]()
LEASED 10/18/19- Rent
- Rent Per SQFT
- $1,000
- $0.93
-
5079 Laredo Street Indianapolis, IN 3
- 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1982
![property image]()
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,030
- $0.97
-
5258 Cactus Court Indianapolis, IN 5
- 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 1977
![property image]()
LEASED 02/25/21- Rent
- Rent Per SQFT
- $1,200
- $0.98
PROPERTY LISTING DETAILS
1.317.295.4663
Alexander Realty Group 1
MLS #: 21768232
Last Updated: 02/27/2021
