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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $114.04
- 2 Days on Market
- MLS # : 21764220
- Updated Date : 02/20/2021 at 15:20
CONSTRUCTION
- Beds : 4
- Floor Size : 1,710 sqft
- Baths : 2 full , 1 half
Listing Agent
Crestpoint Real Estate
Listing Agent's Description
Welcome home! This super cute 4 bedroom 2 1/2 bath home in popular Glen Haven West is ready for it's new owners. Enjoy the 2-story entry, open floor plan, laminate floors, stainless steel appliances, and eat-in kitchen. Spacious bedrooms upstairs with walk in closets. Home is situated on a corner lot with a fully fenced backyard. Neighborhood offers ponds and a play area. With it's location, you can enjoy all that Plainfield has to offer with easy access to the farmer's market, Perry Crossing, parks, and even I-70. Hurry in! This one won't last long!
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PRICE & RENT TRENDS
Zip Code: 46168
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 46168
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$677 |
| Property Tax | -$272 | |
| Property Insurance | -$60 | |
| HOA | -$50 | |
| Property Management Fees | -$136 | |
|
CASH FLOW
$314
|
||
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.
$195,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$57,425
LOAN DETAILS
$677
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $48,750 |
| Loan Amount | $146,250 |
10.67
YEARS SAVED
$31,993
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,454
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
6476 Oyster Key Lane Plainfield, IN 5
- 4 beds 3 baths ∙ 1,710 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,710 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,510
- $0.88
-
6578 Largo Lane Plainfield, IN 1
- 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 2001
LEASED 09/16/19- Rent
- Rent Per SQFT
- $1,295
- $0.77
-
6590 Largo Lane Plainfield, IN 2
- 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 2001
LEASED 09/18/19- Rent
- Rent Per SQFT
- $1,335
- $0.79
-
5988 Gadsen Drive Plainfield, IN 3
- 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 2000
LEASED 02/10/20- Rent
- Rent Per SQFT
- $1,395
- $0.94
-
4549 Connaught East Drive Plainfield, IN 4
- 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 1998
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,395
- $0.90
PROPERTY LISTING DETAILS
Crestpoint Real Estate
MLS #: 21764220
Last Updated: 02/20/2021
