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

6629 Gadsen Court Plainfield, IN 46168

3 Beds 2 Baths 1,192 sqft Built 2003

$170,000

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $142.62
  • 3 Days on Market
  • MLS # : 21768220
  • Updated Date : 03/06/2021 at 08:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,192 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Indy Metro S

Listing Agent's Description

Adorable 3bed/2bath ranch in Glen Haven! Take a look at the spacious front yard, perfect for all your landscaping needs! As you walk in, notice the fresh paint throughout including the baseboards & trim, providing you that new home feel. Spend your days cooking scrumptious meals in the lovely kitchen, and serve in the dining & living room combo. Take a trip outside to the fenced-in backyard creating a private escape for backyard BBQs or kids and pets to run and play! With close access to the interstate and city parks, this sweet home is perfect for any growing family!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 46168

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220kPrice in $119k221k

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

Zip Code: 46168

ZipNIR Market*CityMarket2010Year2000 Q32019 Q210501100115012001250130013501400145015001550Rent in $10401551

* 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
Clarks Creek Elementary School Primary Regular 778 37 8
Plainfield Community Middle School Middle Regular 1,277 61 9
Plainfield High School High Regular 1,566 70 8

Clarks Creek Elementary School

  • Education Level: Primary
  • # of students: 778
  • # of teachers: 37
8
GreatSchools Rating

Plainfield Community Middle School

  • Education Level: Middle
  • # of students: 1,277
  • # of teachers: 61
9
GreatSchools Rating

Plainfield High School

  • Education Level: High
  • # of students: 1,566
  • # of teachers: 70
8
GreatSchools Rating
 

$153,000$187,000$170,000

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$590
Property Tax -$243
Property Insurance -$50
HOA -$25
Property Management Fees -$107
CASH FLOW
$174

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.

$170,000

PROJECTED PRICE

$1,190

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,800

INVESTMENT

$50,800

Down Payment
$42,500
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$590

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,500
Loan Amount $127,500
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$17,239

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,120

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,190
1$1,1902$1,395
$1,395
RENT COMPS ANALYSIS
  • 6629 Gadsen Court Plainfield, IN 1
    • 3 beds 2 baths ∙ 1,192 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,192 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $1.00
    •  
  • 5988 Gadsen Drive Plainfield, IN 2
    • 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
    •  
PROPERTY LISTING DETAILS
Scott A. Smith
1.317.893.1622
Keller Williams Indy Metro S
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768220
Last Updated: 03/06/2021
BESbswy