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5923 Ann Marie Wa Indianapolis, IN 46254

4 Beds 3 Baths 2,040 sqft Built 1992

$210,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

$61,400

Investment Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $102.94
  • 5 Days on Market
  • MLS # : 21748904
  • Updated Date : 10/30/2020 at 13:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,040 sqft
  • Baths : 2 full , 1 half
Listing Agent

Weichert Realtors® Cooper Grou

Listing Agent's Description

Lovely 4 BR 2 1/2 Bath home features large family room open to the large, updated kitchen with stainless appliances, granite counters, and center island-perfect for entertaining. Formal dining room is large and sunny, and you will love the custom wainscot. First floor office is perfect for working from home while managing day to day life. Upstairs you will find 4 bedrooms, walk in closets, and 2 bathrooms. Yard offers privacy with a fenced back yard, an oversized patio and several larger trees. Convenient to shopping and restaurants!

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MARKET HIGHLIGHTS

Indianapolis Market Report
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Liberty Creek North

NeighborhoodNIR Market*CityMarket2010Year20002019105k110k115k120k125k130k135k140k145k150k155k160k165kPrice in $104k168k

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

Neighborhood: Liberty Creek North

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q29501000105011001150120012501300Rent in $9211344

* 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
 

FINANCIALS

Learn how to read this

$189,000$231,000$210,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$775
Property Tax -$329
Property Insurance -$66
HOA -$24
Property Management Fees -$131
CASH FLOW
$125

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.

$210,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 5.2%
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$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment		 $52,500
Rehab Estimate		 $5,750
Closing Costs		 $3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$16,020

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT

  • $0.71

    LIST RENT PER SQFT

  • $1,510

    COMP ESTIMATED VALUE

  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,345
1$1,3452$1,3753$1,4504$1,4755$1,475
$1,475
RENT COMPS ANALYSIS
  • 5923 Ann Marie Wa Indianapolis, IN 3
    • 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.71
    •  
  • 5942 Portillo Pl Indianapolis, IN 1
    • 3 beds 3 baths ∙ 1,962 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,962 Sqft ∙ Built 1992
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.69
    •  
  • 6047 Polonius Court Indianapolis, IN 2
    • 4 beds 3 baths ∙ 1,810 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,810 Sqft ∙ Built 1993
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.76
    •  
  • 5940 Ann Marie Way Indianapolis, IN 4
    • 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 1992
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.73
    •  
  • 5357 Old Barn Drive Indianapolis, IN 5
    • 3 beds 3 baths ∙ 1,901 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,901 Sqft ∙ Built 1991
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.78
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Ronda R.cooper
Weichert Realtors® Cooper Grou

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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