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6121 Franklin Villas Way Indianapolis, IN 46237

3 Beds 2 Baths 1,708 sqft Built 2007

$201,900

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $118.21
  • 2 Days on Market
  • MLS # : 21770715
  • Updated Date : 03/13/2021 at 16:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,708 sqft
  • Baths : 2 full
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Welcome home in the heart of Franklin Township! Home is nestled in a tucked away peaceful community with mature trees...yet you're minutes away from all the amenities you'll ever need. You'll love and enjoy the large open floor plan with a fireplace that leads into the sunroom. Sunroom could also serve as a home office! Attic is prepped for easy extra storage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Poplar Grove

NeighborhoodNIR Market*CityMarket2010Year20002019105k110k115k120k125k130k135k140k145k150k155k160k165k170k175kPrice in $104k176k

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

Neighborhood: Poplar Grove

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q29501000105011001150120012501300Rent in $9211336

* 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
Franklin Central High School High Regular 2,503 110 9

Franklin Central High School

  • Education Level: High
  • # of students: 2,503
  • # of teachers: 110
9
GreatSchools Rating
 

$181,710$222,090$201,900

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$701
Property Tax -$316
Property Insurance -$60
HOA -$72
Property Management Fees -$123
CASH FLOW
$98

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.

$201,900

PROJECTED PRICE

$1,370

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 3.9%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$59,254

INVESTMENT

$59,254

Down Payment
$50,475
Rehab Estimate
$5,750
Closing Costs
$3,029

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$701

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,475
Loan Amount $151,425
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$10,236

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,503

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2503$1,3704$1,4455$1,450
$1,450
RENT COMPS ANALYSIS
  • 6121 Franklin Villas Way Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.80
    •  
  • 4335 Blue Ribbon Road Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1999
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.82
    •  
  • 5150 Mesa Verde Drive Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1999
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.90
    •  
  • 7210 Kidwell Drive Indianapolis, IN 4
    • 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 2000
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.88
    •  
  • 5904 Beau Jardin Drive Indianapolis, IN 5
    • 4 beds 3 baths ∙ 1,576 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,576 Sqft ∙ Built 1989
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
PROPERTY LISTING DETAILS
Caroline Mcpherson
F.c. Tucker Company
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21770715
Last Updated: 03/13/2021
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