Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5929 Ann Marie Way Indianapolis, IN 46254

4 Beds 3 Baths 2,136 sqft Built 1993

$220,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $103.00
  • 3 Days on Market
  • MLS # : 21763829
  • Updated Date : 01/30/2021 at 16:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,136 sqft
  • Baths : 2 full , 1 half
Listing Agent

Four Seasons Realty Group Llc

Listing Agent's Description

Beautiful 4 bedroom house in Pike Township! As soon as you enter you will fall in love with the way this home and floorplan flows. Amazing hardwood floor and all appliances are included! All bedrooms are upstairs with ample closet space. The master bedroom has a spacious walk-in closet along with a large master ensuite that boasts a nice jetted tub! This home wont last long!

SEE MORE

  • 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
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$764
Property Tax -$345
Property Insurance -$68
HOA -$18
Property Management Fees -$125
CASH FLOW
$69

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.

$220,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.63%

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$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$9,359

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,490

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3453$1,3904$1,4755$1,645
$1,645
RENT COMPS ANALYSIS
  • 5929 Ann Marie Way Indianapolis, IN 3
    • 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.65
    •  
  • 5920 Volunteer Drive Indianapolis, IN 1
    • 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 1992
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.65
    •  
  • 5942 Portillo Pl Indianapolis, IN 2
    • 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
    •  
  • 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
    •  
  • 6423 Watercrest Way Indianapolis, IN 5
    • 3 beds 2 baths ∙ 2,275 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,275 Sqft ∙ Built 1987
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.72
    •  
PROPERTY LISTING DETAILS
Dawn Manning
Four Seasons Realty Group Llc
BESbswy