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

6346 Moonstruck Parkway Indianapolis, IN 46259

3 Beds 2 Baths 2,301 sqft Built 2012

$252,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $109.52
  • 4 Days on Market
  • MLS # : 21751593
  • Updated Date : 11/21/2020 at 11:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,301 sqft
  • Baths : 2 full
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Welcome to Glen Ridge Estates! This 2012 brick home offers 9ft ceilings, arched details and an open floor plan. Enjoy the newly installed luxury vinyl plank flooring throughout the main level & freshly painted warm gray tones. Kitchen is complete with granite counters, mosaic tile backsplash, stainless steel appliances, and a new touchless faucet! Master suite and 2 guest bedrooms on the main level with the 2nd story offering a 4th bedroom or flex space for a home office. Laundry room with built-ins and new shelving. Landscape lighting draws your eye to the front porch, manicured landscaping beds, and new shutters. Enjoy the backyard patio, playset, and plenty of room to run!

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Galludet

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $104k221k

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

Neighborhood: Galludet

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250130013501400145015001550Rent in $9211551

* 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
 

$226,800$277,200$252,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$930
Property Tax -$411
Property Insurance -$72
HOA -$27
Property Management Fees -$145
CASH FLOW
$25

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.

$252,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.0%
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$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,530

INVESTMENT

$72,530

Down Payment
$63,000
Rehab Estimate
$5,750
Closing Costs
$3,780

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$930

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,000
Loan Amount $189,000
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,234

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,668

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,505
1$1,5052$1,5453$1,6104$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 6346 Moonstruck Parkway Indianapolis, IN 3
    • 3 beds 2 baths ∙ 2,301 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,301 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.70
    •  
  • 6815 Amber Springs Way Indianapolis, IN 1
    • 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 2002
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,505
    • $0.74
    •  
  • 5356 Wood Hollow Drive Indianapolis, IN 2
    • 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2003
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.69
    •  
  • 7140 Dublin Lane Indianapolis, IN 4
    • 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2004
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
  • 6340 Nightshade Drive Indianapolis, IN 5
    • 3 beds 3 baths ∙ 2,165 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,165 Sqft ∙ Built 2002
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
PROPERTY LISTING DETAILS
Molly Hadley
F.c. Tucker Company
BESbswy