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6201 Carrie Circle Indianapolis, IN 46237

3 Beds 2 Baths 1,400 sqft Built 1991

$198,900

List Price

$1,320

$1.2K - $1.5K

Rent Est.

$58,459

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+4.4%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.8%
Cash Flow	$1,224
Value Increase	$8,984

10 YEAR

Cash On Cash	-1.2%
Total Return	9.5%

PROPERTY INFO

December 18, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 1991
Price/Sqft : $142.07
3 Days on Market
MLS # : 21757802
Updated Date : 12/18/2020 at 16:59

CONSTRUCTION

Beds : 3
Floor Size : 1,400 sqft
Baths : 2 full

Listing Agent

F.c. Tucker Company

Listing Agent's Description

Charming freshly updated 3 BR, 2 Bath ranch featuring open airy floor plan w/ lots of windows and natural light. Great room offers cathedral /vault ceiling open to fully applianced kitchen. Lovely Master BR suite with large WIC, Garden tub & sep shower. Good sized secondary BR's. Spacious utility room, 2 car garage & more on nice Cul de sac lot. Updates include paint throughout, carpet, vinyl, gas range, dishwasher was just installed. Better hurry on this one. Close to schools, shopping and entertainment.

6201 Carrie Cir

Indianapolis, Indiana

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MARKET HIGHLIGHTS

Indianapolis Market Report

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)
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)

Neighborhood: South Franklin

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

Neighborhood: South Franklin

* 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

GreatSchools Rating

FINANCIALS

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$179,010$218,79000$198,900

PURCHASE PRICE

$1,188$1,45200$1,320

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,320
EXPENSES	Loan Payment	-$734
	Property Tax	-$311
	Property Insurance	-$54
	Property Management Fees	-$119




CASH FLOW $102

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.

$198,900

PROJECTED PRICE

$1,320

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.87%
Appreciation Year (1-5)	4.4%
Maintenance Year (1-5)	8.00%
Vacancy	8.07%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$58,459

Down Payment	$49,725
Rehab Estimate	$5,750
Closing Costs	$2,984

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$734

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$49,725
Loan Amount	$149,175

See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$13,645

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,320
LIST RENT
$0.94
LIST RENT PER SQFT

$1,243
COMP ESTIMATED VALUE
$0.89
COMP AVG. RENT PER SQFT

Comps Range

$1,185

1$1,1852$1,3203$1,3504$1,3955$1,545

$1,545

RENT COMPS ANALYSIS

1,400
PROPERTY SQFT
$0.89
AVG RENT PER SQFT
$1,243
ESTIMATED VALUE
$1,320
LIST RENT

6201 Carrie Circle Indianapolis, IN 5

3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1991
Price

Price Per SQFT

$198,900

$142.07
7618 Chris Anne Drive Indianapolis, IN 1

3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1990
SOLD 01/23/20
Price

Price Per SQFT

$150,000

$99.67
6802 East Stop 11 Road Indianapolis, IN 2

3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1980
SOLD 01/18/20
Price

Price Per SQFT

$164,900

$101.98
6305 Whitaker Farms Drive Indianapolis, IN 3

3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1998
SOLD 01/03/20
Price

Price Per SQFT

$178,000

$108.80
7521 Ardwell Drive Indianapolis, IN 4

3 beds 3 baths ∙ 1,682 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 1979
SOLD 08/27/20
Price

Price Per SQFT

$180,000

$107.02

6201 Carrie Circle Indianapolis, IN 2

3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1991
Rent

Rent Per SQFT

$1,320

$0.94
7712 Gordon Way Indianapolis, IN 1

3 beds 1 baths ∙ 1,320 Sqft ∙ Built 1980 3 beds 1 baths ∙ 1,320 Sqft ∙ Built 1980
LEASED 10/16/19
Rent

Rent Per SQFT

$1,185

$0.90
7061 Carrie Drive Indianapolis, IN 3

3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1991
LEASED 09/19/19
Rent

Rent Per SQFT

$1,350

$0.94
7724 Connie Drive Indianapolis, IN 4

3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1989
LEASED 08/01/19
Rent

Rent Per SQFT

$1,395

$0.82
7526 Ardwell Drive Indianapolis, IN 5

4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1981
LEASED 06/22/20
Rent

Rent Per SQFT

$1,545

$0.89

PROPERTY LISTING DETAILS

John Story
1.317.372.8145
F.c. Tucker Company

6201 Carrie Circle Indianapolis, IN 46237

$198,900

$1,320

$58,459

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Franklin Central High School

FINANCIALS

$179,010$218,79000$198,900

$1,188$1,45200$1,320

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$198,900

$1,320

0.66%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$734

5.33

$13,645

$198,900

$142.07

$146,115

$104.37

COMPS RANGE

PRICE COMPS ANALYSIS

$1,320

$0.94

$1,243

$0.89

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS