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7037 Grosvenor Place Indianapolis, IN 46220

4 Beds 3 Baths 2,008 sqft Built 1965

$225,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

$65,375

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+5.9%)
1 YR. PROJ. APPRECIATION


Cap Rate	4.6%
Cash Flow	$4,176
Value Increase	$13,568

10 YEAR

Cash On Cash	2.8%
Total Return	13.5%

PROPERTY INFO

January 30, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 1965
Price/Sqft : $112.05
3 Days on Market
MLS # : 21762756
Updated Date : 01/30/2021 at 20:54

CONSTRUCTION

Beds : 4
Floor Size : 2,008 sqft
Baths : 2 full , 1 half

Listing Agent

Century 21 Scheetz

Listing Agent's Description

Wonderful 4 BD, 2.5 BA tri- level home in desirable Devonshire neighborhood w/ 4 yr old roof!Tile floor entry flanked by living & dining rm w/ hardwood floors & eat-in kitchen w/ new floor. Upstairs hardwood floors in all 3 bdrms including a master suite w/ oversized closet & 1/2 bath.Homeowners added a wall/door i, kitchen for a private lower level retreat w/ fireplace, bedroom & full bath.Home features a large backyard perfect for entertaining. 2020: new sump pump, wall added in kitchen, kitchen floors, water heater, landscaping updated. 2019: new kitchen appliances, updated electrical. Amazing Location!Agressively priced to accomodate for new wall & kitch cab paint, LL remodel +flooring, crawlspace door, windows, & garage door if needed.

7037 Grosvenor Pl

Indianapolis, Indiana

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MARKET HIGHLIGHTS

Indianapolis Market Report

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)

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)

Neighborhood: Devonshire

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

Neighborhood: Devonshire

* 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
Belzer Middle School	Middle	Regular	1,159	61	4
Lawrence Central High School	High	Regular	2,331	115	3

Belzer Middle School

Education Level: Middle
# of students: 1,159
# of teachers: 61

GreatSchools Rating

Lawrence Central High School

Education Level: High
# of students: 2,331
# of teachers: 115

GreatSchools Rating

FINANCIALS

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$202,500$247,50000$225,000

PURCHASE PRICE

$1,530$1,87000$1,700

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,700
EXPENSES	Loan Payment	-$782
	Property Tax	-$351
	Property Insurance	-$66
	Property Management Fees	-$153




CASH FLOW $348

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.

$225,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.87%
Appreciation Year (1-5)	5.9%
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

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$65,375

Down Payment	$56,250
Rehab Estimate	$5,750
Closing Costs	$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$56,250
Loan Amount	$168,750

See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$36,200

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,700
LIST RENT
$0.85
LIST RENT PER SQFT

$1,780
COMP ESTIMATED VALUE
$0.89
COMP AVG. RENT PER SQFT

Comps Range

$1,425

1$1,4252$1,5003$1,7004$2,025

$2,025

RENT COMPS ANALYSIS

2,008
PROPERTY SQFT
$0.89
AVG RENT PER SQFT
$1,780
ESTIMATED VALUE
$1,700
LIST RENT

7037 Grosvenor Place Indianapolis, IN 2

4 beds 3 baths ∙ 2,008 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,008 Sqft ∙ Built 1965
Price

Price Per SQFT

$225,000

$112.05
7360 Railhead Court Indianapolis, IN 1

3 beds 2 baths ∙ 2,070 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,070 Sqft ∙ Built 1984
SOLD 08/17/20
Price

Price Per SQFT

$193,000

$93.24
7865 Redcoach Circle Indianapolis, IN 3

3 beds 3 baths ∙ 1,871 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 1971
SOLD 10/26/20
Price

Price Per SQFT

$262,580

$140.34
6349 Brokenhurst Road Indianapolis, IN 4

3 beds 2 baths ∙ 2,110 Sqft ∙ Built 1958 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 1958
SOLD 09/22/20
Price

Price Per SQFT

$283,000

$134.12
5547 East 62nd Place Indianapolis, IN 5

3 beds 2 baths ∙ 2,046 Sqft ∙ Built 1959 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 1959
SOLD 08/21/20
Price

Price Per SQFT

$337,400

$164.91

7037 Grosvenor Place Indianapolis, IN 3

4 beds 3 baths ∙ 2,008 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,008 Sqft ∙ Built 1965
Rent

Rent Per SQFT

$1,700

$0.85
5036 East 76th St Court Indianapolis, IN 1

3 beds 3 baths ∙ 1,660 Sqft ∙ Built 1967 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 1967
LEASED 11/01/19
Rent

Rent Per SQFT

$1,425

$0.86
7159 Avalon Trail Court Indianapolis, IN 2

3 beds 2 baths ∙ 1,935 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,935 Sqft ∙ Built 1968
LEASED 02/11/20
Rent

Rent Per SQFT

$1,500

$0.78
7353 Johnson Road Indianapolis, IN 4

4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1972
LEASED 10/19/19
Rent

Rent Per SQFT

$2,025

$1.02

PROPERTY LISTING DETAILS

Elisabeth A. Lugar
1.317.572.5033
Century 21 Scheetz

7037 Grosvenor Place Indianapolis, IN 46220

$225,000

$1,700

$65,375

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Belzer Middle School

Lawrence Central High School

FINANCIALS

$202,500$247,50000$225,000

$1,530$1,87000$1,700

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$225,000

$1,700

0.76%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$782

10.58

$36,200

$225,000

$112.05

$267,370

$133.15

COMPS RANGE

PRICE COMPS ANALYSIS

$1,700

$0.85

$1,780

$0.89

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS