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6553 Black Antler Drive Indianapolis, IN 46217

3 Beds 3 Baths 1,416 sqft Built 2000

$155,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $109.46
  • 2 Days on Market
  • MLS # : 21757102
  • Updated Date : 12/12/2020 at 15:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,416 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Advanced Realty

Listing Agent's Description

Three bedroom, 2.5 bath home is move in ready and is available for immediate possession. The back yard has a full privacy fence and nice patio area. The dining area is open to the great room and kitchen. All carpet were just cleaned, all outlets and switches updated to white, new flooring in lower level bathroom, fresh paint downstairs on all the walls, trim and doors, new exterior lighting and some new plumbing fixtures. New furnace, A/C and water heater in 2015.

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

Neighborhood: Southern Dunes

NeighborhoodNIR Market*CityMarket2010Year20002019105k110k115k120k125k130k135k140k145k150k155k160k165kPrice in $104k168k

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

Neighborhood: Southern Dunes

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2850900950100010501100115012001250Rent in $8191270

* 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
Abraham Lincoln Elementary School Primary Regular 858 41 4
Perry Meridian 6th Grade Academy Middle Regular 569 36 6
Perry Meridian High School High Regular 2,256 110 6

Abraham Lincoln Elementary School

  • Education Level: Primary
  • # of students: 858
  • # of teachers: 41
4
GreatSchools Rating

Perry Meridian 6th Grade Academy

  • Education Level: Middle
  • # of students: 569
  • # of teachers: 36
6
GreatSchools Rating

Perry Meridian High School

  • Education Level: High
  • # of students: 2,256
  • # of teachers: 110
6
GreatSchools Rating
 

$139,500$170,500$155,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$572
Property Tax -$315
Property Insurance -$54
HOA -$18
Property Management Fees -$109
CASH FLOW
$142

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.

$155,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 3.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.73%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$46,825

INVESTMENT

$46,825

Down Payment
$38,750
Rehab Estimate
$5,750
Closing Costs
$2,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$572

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $38,750
Loan Amount $116,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$14,930

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,119

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,075
1$1,0752$1,1753$1,1954$1,1955$1,210
$1,210
RENT COMPS ANALYSIS
  • 6553 Black Antler Drive Indianapolis, IN 5
    • 3 beds 3 baths ∙ 1,416 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,416 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.85
    •  
  • 2934 Redland Lane Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2001
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.79
    •  
  • 2435 Redland Lane Indianapolis, IN 2
    • 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2000
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.78
    •  
  • 6808 Waverhill Drive Indianapolis, IN 3
    • 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2003
    property image
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.77
    •  
  • 6736 Everbloom Lane Indianapolis, IN 4
    • 3 beds 3 baths ∙ 1,453 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,453 Sqft ∙ Built 2002
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.82
    •  
PROPERTY LISTING DETAILS
Sally Webb
Re/max Advanced Realty
BESbswy