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5918 Pine Hill Drive Indianapolis, IN 46235

3 Beds 2 Baths 1,799 sqft Built 1963

INVESTimate

$179,900

List Price

$1,230

$1,107 - $1,353

Rent Est.

$188,517  ( +4.79%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1963
  • Price/Sqft : $100.00
  • 30 Days on Market
  • MLS # : 21728410
  • Updated Date : 08/20/2020 at 01:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,799 sqft
  • Baths : 2 full
Listing Agent

Vylla Home

Listing Agent's Description

This wonderful Tri-level is located in the heavily sought after Pine Hill Estates! Impressive floor plan which includes a nice size living room and lower level family room! The bonus room right off the family room could be an ideal office or that 4th bedroom you need! Updated full baths and kitchen which features newer stainless steel appliances! All new attic insulation and brand new roof just completed! Newer water treatment system installed! Enjoy the beautiful view from the wood deck of mature trees and a huge fully fenced back yard!

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Winding Ridge

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160kPrice in $87k168k

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

Neighborhood: Winding Ridge

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250Rent in $9211270

* 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
Oaklandon Elementary School Of Environmental Studies (east Side) Primary Regular 614 33 3
Belzer Middle School Middle Regular 1,159 61 4
Lawrence Central High School High Regular 2,331 115 3

Oaklandon Elementary School Of Environmental Studies (east Side)

  • Education Level: Primary
  • # of students: 614
  • # of teachers: 33
3
GreatSchools Rating

Belzer Middle School

  • Education Level: Middle
  • # of students: 1,159
  • # of teachers: 61
4
GreatSchools Rating

Lawrence Central High School

  • Education Level: High
  • # of students: 2,331
  • # of teachers: 115
3
GreatSchools Rating
 

$161,910$197,890$179,900

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

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$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$664
Property Tax -$281
Property Insurance -$62
Property Management Fees -$111
CASH FLOW
$113

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.

$179,900

PROJECTED PRICE

$1,230

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 4.79%
Maintenance Year (1-5) 8.00%
Vacancy 7.73%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$14,565

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,079

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,230
$1,230
RENT COMPS ANALYSIS
  • 5918 Pine Hill Drive Indianapolis, 2
    • 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.68
    •  
  • 11442 East 63rd Street Indianapolis, 1
    • 3 beds 3 baths ∙ 1,816 Sqft ∙ Built 1951 3 beds 3 baths ∙ 1,816 Sqft ∙ Built 1951
    LEASED 03/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.60
    •  
PROPERTY LISTING DETAILS
Eddie Rogers
Vylla Home
BESbswy