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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $146.71
- 2 Days on Market
- MLS # : 21767644
- Updated Date : 02/20/2021 at 15:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,124 sqft
- Baths : 2 full
Listing Agent
Wrightwood Realty
Listing Agent's Description
Check out this 3 bed / 2 bath home in Avon! Needs a little cosmetic updating but would make a great first-time home or investment property.
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PRICE & RENT TRENDS
Zip Code: 46123
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 46123
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,310 |
| EXPENSES | Loan Payment | -$573 |
| Property Tax | -$267 | |
| Property Insurance | -$49 | |
| Property Management Fees | -$118 | |
|
CASH FLOW
$304
|
||
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.
$164,900
PROJECTED PRICE
$1,310
PROJECTED RENT
0.79%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 4.5% |
| 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
$49,449
LOAN DETAILS
$573
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $41,225 |
| Loan Amount | $123,675 |
11.67
YEARS SAVED
$30,533
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,310
LIST RENT -
$1.17
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
701 Millbrook Drive Avon, IN
- 3 beds 2 baths ∙ 1,124 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,124 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,310
- $1.17
PROPERTY LISTING DETAILS
Wrightwood Realty
MLS #: 21767644
Last Updated: 02/20/2021
