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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Farley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Farley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$45,500
LOAN DETAILS
$521
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $37,500 |
| Loan Amount | $112,500 |
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
-
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
1.317.670.8789
Brownsburg Homes Realty
MLS #: 21769920
Last Updated: 03/06/2021
