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6535 Branches Drive Brownsburg, IN 46112

4 Beds 3 Baths 1,975 sqft Built 2008

INVESTimate

$217,900

List Price

$1,530

$1,377 - $1,683

Rent Est.

$228,512  ( +4.87%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $110.33
  • 7 Days on Market
  • MLS # : 21732930
  • Updated Date : 08/24/2020 at 13:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,975 sqft
  • Baths : 2 full , 1 half
Listing Agent

Carpenter, Realtors®

Listing Agent's Description

NO NEIGHBORS BEHIND this Former Model RANCH Home!  OVERSIZED 1975 sf, 4 bedroom, 2.5 bath Newer RANCH w/OPEN CONCEPT, SPLIT Bedroom floorplan & 2 Car Gar.  Light, Bright & Beautiful!  All rooms are Spacious & plenty of storage!   HUGE kitchen loaded w cabinets & Center Island.   Enjoy coming home to a MASTER SUITE RETREAT!  It's a great time to buy & owning is cheaper than rent!  Close to interstates, hospital, parks & so much more. Great neighborhood with clubhouse, pool, playground & top rated Brownsburg schools. Come See!

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 46112

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220kPrice in $119k222k

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

Zip Code: 46112

ZipNIR Market*CityMarket2010Year2000 Q32019 Q210501100115012001250130013501400145015001550Rent in $10401554

* 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
Eagle Elementary School Primary Regular 631 34 10
Brownsburg High School High Regular 2,442 125 9

Eagle Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 34
10
GreatSchools Rating

Brownsburg High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 125
9
GreatSchools Rating
 

$196,110$239,690$217,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$804
Property Tax -$320
Property Insurance -$65
HOA -$39
Property Management Fees -$138
CASH FLOW
$164

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.

$217,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.87%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,494

INVESTMENT

$63,494

Down Payment
$54,475
Rehab Estimate
$5,750
Closing Costs
$3,269

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,475
Loan Amount $163,425
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$19,606

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,496

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,2953$1,3454$1,4505$1,530
$1,530
RENT COMPS ANALYSIS
  • 6535 Branches Drive Brownsburg, 5
    • 4 beds 3 baths ∙ 1,975 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,975 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.77
    •  
  • 10431 Kings Gap Way Indianapolis, 1
    • 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2003
    LEASED 03/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.73
    •  
  • 6615 Wellspring Drive Brownsburg, 2
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 2003
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.72
    •  
  • 10127 Yosemite Lane Brownsburg, 3
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 2003
    LEASED 04/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.76
    •  
  • 10002 Big Bend Drive Indianapolis, 4
    • 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 2005
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jamie Hall
Carpenter, Realtors®
BESbswy