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6452 Hunters Green Lane Indianapolis, IN 46278

3 Beds 2 Baths 1,307 sqft Built 1994

$175,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $133.89
  • 6 Days on Market
  • MLS # : 21768056
  • Updated Date : 02/26/2021 at 15:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,307 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Dream

Listing Agent's Description

Don't miss this CUTE 3bed/2bath home in Hunters Green! Newer roof (5 years), water heater less than a year old, HVAC 2.5 years old. Vaulted ceilings, bay window, kitchen island, walk in closet, new engineered HW floors and CORNER LOT are just a few features that make this home stand out as an opportunity you don't want to pass up! Friendly, small subdivision near Eagle Creek Park and close to interstate for easy commutes make this home even more PERFECT! The wood burning fireplace adds an extra cozy and inviting feel. Schedule a showing TODAY, as this home won't last long!

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PRICE & RENT TRENDS

Neighborhood: Trader's Point

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k296k

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

Neighborhood: Trader's Point

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q210001200140016001800200022002400Rent in $9212531

* 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
 

$157,500$192,500$175,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$608
Property Tax -$274
Property Insurance -$52
HOA -$27
Property Management Fees -$116
CASH FLOW
$212

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.

$175,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 2.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k$450k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$608

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$20,810

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,317

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,199
1$1,1992$1,2003$1,2754$1,2755$1,290
$1,290
RENT COMPS ANALYSIS
  • 6452 Hunters Green Lane Indianapolis, IN 5
    • 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.99
    •  
  • 5332 Arbor Creek Drive Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,196 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,196 Sqft ∙ Built 2000
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $1.00
    •  
  • 6607 Bridger Court Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1989
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.00
    •  
  • 5707 Prestonwood Court Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1990
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.05
    •  
  • 6452 Shanghai Road Indianapolis, IN 4
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1993
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.98
    •  
PROPERTY LISTING DETAILS
Angela Tripp
1.317.490.9261
Realty One Group Dream
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768056
Last Updated: 02/26/2021
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