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6739 Pembridge Way Indianapolis, IN 46254

3 Beds 3 Baths 1,466 sqft Built 1996

$150,000

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $102.32
  • 4 Days on Market
  • MLS # : 21770810
  • Updated Date : 03/11/2021 at 19:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,466 sqft
  • Baths : 2 full , 1 half
Listing Agent

United Real Estate Indpls

Listing Agent's Description

Pike Township for $150k?! YES PLEASE! Check out this 3 bedroom, 2.5 bathroom home featuring an open concept main level & 2 story family room! Updates include stainless steel kitchen appliances, roof replaced in 2017, freshly cleaned carpets upstairs, and laminate & fresh paint on the main floor. Enjoy the outdoors in the fully fenced backyard and hangout on the custom paver patio under the pergola. Upstairs, you will love the conveniently located laundry room & 3 generously sized bedrooms. The master bathroom has also been updated with a luxury vanity and double bowl sinks. Don't miss this one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eagle Creek

NeighborhoodNIR Market*CityMarket2010Year20002019105k110k115k120k125k130k135k140k145k150k155k160k165kPrice in $104k168k

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

Neighborhood: Eagle Creek

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q29501000105011001150120012501300135014001450Rent in $9211483

* 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
 

$135,000$165,000$150,000

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 -$521
Property Tax -$235
Property Insurance -$55
HOA -$18
Property Management Fees -$107
CASH FLOW
$253

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.

$150,000

PROJECTED PRICE

$1,190

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 4.5%
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$500k

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$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,500

INVESTMENT

$45,500

Down Payment
$37,500
Rehab Estimate
$5,750
Closing Costs
$2,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $37,500
Loan Amount $112,500
See What Happens When You Reinvest Cash Flow

11.17

YEARS SAVED

$25,679

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
  • $0.81

    LIST RENT PER SQFT
  • $1,217

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,099
1$1,0992$1,1903$1,1954$1,2505$1,300
$1,300
RENT COMPS ANALYSIS
  • 6739 Pembridge Way Indianapolis, IN 2
    • 3 beds 3 baths ∙ 1,466 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,466 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.81
    •  
  • 4508 Dabny Circle Indianapolis, IN 1
    • 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1979
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,099
    • $0.86
    •  
  • 6701 Ossington Drive Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1995
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.82
    •  
  • 6736 Stanhope Drive Indianapolis, IN 4
    • 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1996
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.81
    •  
  • 4938 Pembridge Drive Indianapolis, IN 5
    • 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 1995
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
PROPERTY LISTING DETAILS
Rochelle Perkins
United Real Estate Indpls
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21770810
Last Updated: 03/11/2021
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