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5966 Glen Haven Boulevard Plainfield, IN 46168

3 Beds 3 Baths 1,650 sqft Built 2000

$179,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $109.03
  • 3 Days on Market
  • MLS # : 21771147
  • Updated Date : 03/12/2021 at 16:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,650 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sargent Realty Group Llc

Listing Agent's Description

Nice 3 bdrm 2bath backyard has privacy fence

SEE MORE

PRICE & RENT TRENDS

Zip Code: 46168

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220kPrice in $119k221k

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

Zip Code: 46168

ZipNIR Market*CityMarket2010Year2000 Q32019 Q210501100115012001250130013501400145015001550Rent in $10401551

* 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
Clarks Creek Elementary School Primary Regular 778 37 8
Plainfield Community Middle School Middle Regular 1,277 61 9
Plainfield High School High Regular 1,566 70 8

Clarks Creek Elementary School

  • Education Level: Primary
  • # of students: 778
  • # of teachers: 37
8
GreatSchools Rating

Plainfield Community Middle School

  • Education Level: Middle
  • # of students: 1,277
  • # of teachers: 61
9
GreatSchools Rating

Plainfield High School

  • Education Level: High
  • # of students: 1,566
  • # of teachers: 70
8
GreatSchools Rating
 

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

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$625
Property Tax -$267
Property Insurance -$59
Property Management Fees -$115
CASH FLOW
$214

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

$1,280

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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 35% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$21,979

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,403

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,2953$1,3354$1,3955$1,395
$1,395
RENT COMPS ANALYSIS
  • 5966 Glen Haven Boulevard Plainfield, IN 1
    • 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.78
    •  
  • 6578 Largo Lane Plainfield, IN 2
    • 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 2001
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.77
    •  
  • 6590 Largo Lane Plainfield, IN 3
    • 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 2001
    property image
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,335
    • $0.79
    •  
  • 5988 Gadsen Drive Plainfield, IN 4
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 2000
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 4549 Connaught East Drive Plainfield, IN 5
    • 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 1998
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.90
    •  
PROPERTY LISTING DETAILS
Bob Sargent
Sargent Realty Group Llc
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21771147
Last Updated: 03/12/2021
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