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6811 South Buick Drive Indianapolis, IN 46214

3 Beds 2 Baths 1,247 sqft Built 1959

$150,000

List Price

$1,080

$972 - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $120.29
  • 2 Days on Market
  • MLS # : 21769920
  • Updated Date : 03/06/2021 at 23:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,247 sqft
  • Baths : 2 full
Listing Agent

Brownsburg Homes Realty

Listing Agent's Description

You'll love this beautiful home in Farley! NEW carpet, and fresh paint. This spacious 3 bedrooms 2 full bath ranch home offers a large family room with a wood fireplace that can be easily be converted to gas. The roomy eat-in kitchen features a built-in china cabinet and a large window with lots of natural light. The master bedroom is a great size with a full bathroom. The lot offers mature trees and a private fenced-in backyard. The two-car attached garage is huge and has a workshop in the back I'm sure you'll love.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Farley

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160kPrice in $87k168k

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

Neighborhood: Farley

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2800850900950100010501100115012001250Rent in $7941268

* 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
Chapel Hill 7th And 8th Grade Center Middle Regular 1,105 78 4
Ben Davis University High School High Regular 358 18 4
Ben Davis Ninth Grade Center High Regular 1,154 82 NA

Chapel Hill 7th And 8th Grade Center

  • Education Level: Middle
  • # of students: 1,105
  • # of teachers: 78
4
GreatSchools Rating

Ben Davis University High School

  • Education Level: High
  • # of students: 358
  • # of teachers: 18
4
GreatSchools Rating

Ben Davis Ninth Grade Center

  • Education Level: High
  • # of students: 1,154
  • # of teachers: 82
NA
GreatSchools Rating
 

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

PURCHASE PRICE

$972$1,188$1,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,080
EXPENSES Loan Payment -$521
Property Tax -$278
Property Insurance -$51
Property Management Fees -$97
CASH FLOW
$132

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

$1,080

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 8.45%
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

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$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 45% 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

6.42

YEARS SAVED

$11,502

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,080

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,004

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,080
1$1,0802$1,1503$1,1554$1,1855$1,195
$1,195
RENT COMPS ANALYSIS
  • 6811 South Buick Drive Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,080
    • $0.87
    •  
  • 6979 West 13th Street Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1959
    property image
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.81
    •  
  • 7021 Buick Drive Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1960
    property image
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,155
    • $0.78
    •  
  • 6605 West 14th Street Indianapolis, IN 4
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1956
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,185
    • $0.77
    •  
  • 6507 West 13th Street Indianapolis, IN 5
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1954
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.86
    •  
PROPERTY LISTING DETAILS
Clayton Nail
1.317.670.8789
Brownsburg Homes Realty
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21769920
Last Updated: 03/06/2021
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