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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $105.02
- 4 Days on Market
- MLS # : 21762997
- Updated Date : 02/05/2021 at 16:28
CONSTRUCTION
- Beds : 4
- Floor Size : 2,428 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Legends Group
Listing Agent's Description
This is the ONE! Located in popular Briarwood Trace in sought after New Palestine .FOUR bedroom 2.5 bath Fabulous Find! Light bright wide open floor plan.Upstairs loft offers extra living space. Gas fireplace accents great room. Flex room on main. Updates GALORE! Stunning new kitchen with rich chocolate staggered cabinets & granite countertops.Stainless appliances. Double pantry. Pamper yourself in your master retreat with easy care laminate flooring. Master has new double vanity and large walk in closet.Hall bath updated too. Roof and siding replaced last fall. Heat pump,furnace and AC new in 2017.New windows with lifetime warranty. Relax on your patio overlooking the pond in your fully fenced backyard.Raised garden beds ready for Spring.
SEE MORE
- Indianapolis metro has 65.5% labor force participation rate higher than the national rate 62.8%. The participation is expected to grow to 66.2% in 2020 (USMayors.org, 2018)
- Indianapolis metro contributes to 39.8% of Indiana state economy i.e. Gross State Product (USMayors.org, 2018)
- Indianapolis metro employment growth is at 1.6% and predicted to grow at 1.8% in 2019 (USMayors.org, 2018)
- Indiana state (in turn Indianapolis being part of Indiana) ranks 10th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019)
- Indianapolis metro's economy is worth $149.7 billion in Gross Metro Product and projected to grow to $158.1 billion in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Zip Code: 46163
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 46163
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$341 | |
| Property Insurance | -$74 | |
| HOA | -$25 | |
| Property Management Fees | -$145 | |
|
CASH FLOW
$140
|
||
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.
$255,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 4.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.07% |
| 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
$73,325
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
5.5
YEARS SAVED
$15,827
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$1,602
COMP ESTIMATED VALUE -
$0.66
COMP AVG. RENT PER SQFT
Comps Range
-
6922 West Briarwood Boulevard New Palestine, IN 2
- 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $1,610
- $0.66
-
2219 South Briarwood Drive New Palestine, IN 1
- 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2005
![property image]()
LEASED 11/22/19- Rent
- Rent Per SQFT
- $1,595
- $0.66
PROPERTY LISTING DETAILS
Re/max Legends Group
