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6829 Cadwell Circle Indianapolis, IN 46237

3 Beds 2 Baths 1,600 sqft Built 2000

$205,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $128.13
  • 3 Days on Market
  • MLS # : 21771029
  • Updated Date : 03/12/2021 at 16:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,600 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Home

Listing Agent's Description

Move in ready 3 bedroom ranch home on a cul de sac! Fully fenced in backyard with a storage shed and open patio. Large eat in kitchen with center island, plenty of cabinet space, and all stainless steel appliances. Open living room with fireplace and plenty of windows for natural light. Down the hall you will find 3 bedrooms including the owner's suite with double sinks, his/her closets, and a shower/tub combo. 2 car garage leads into the laundry room. Spacious backyard with mature trees!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Galludet

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $104k221k

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

Neighborhood: Galludet

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250130013501400145015001550Rent in $9211551

* 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
Franklin Central High School High Regular 2,503 110 9

Franklin Central High School

  • Education Level: High
  • # of students: 2,503
  • # of teachers: 110
9
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$712
Property Tax -$320
Property Insurance -$58
HOA -$23
Property Management Fees -$123
CASH FLOW
$133

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.

$205,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.0%
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$600k

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$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$13,438

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,420

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,185
1$1,1852$1,2653$1,3504$1,3705$1,545
$1,545
RENT COMPS ANALYSIS
  • 6829 Cadwell Circle Indianapolis, IN 4
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.86
    •  
  • 7712 Gordon Way Indianapolis, IN 1
    • 3 beds 1 baths ∙ 1,320 Sqft ∙ Built 1980 3 beds 1 baths ∙ 1,320 Sqft ∙ Built 1980
    property image
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,185
    • $0.90
    •  
  • 6702 Revere Lane Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1983
    property image
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,265
    • $0.82
    •  
  • 7061 Carrie Drive Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1991
    property image
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.94
    •  
  • 7526 Ardwell Drive Indianapolis, IN 5
    • 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1981
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.89
    •  
PROPERTY LISTING DETAILS
Katelyn Cohoat
1.317.374.6030
Berkshire Hathaway Home
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21771029
Last Updated: 03/12/2021
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