Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7050 Camelot Court Indianapolis, IN 46214

4 Beds 2 Baths 1,652 sqft Built 1963

INVESTimate

$162,900

List Price

$1,390

$1,251 - $1,529

Rent Est.

$48,919

Investment Est.

$177,414  ( +8.91%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1963
  • Price/Sqft : $98.61
  • 2 Days on Market
  • MLS # : 21734770
  • Updated Date : 08/25/2020 at 10:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,652 sqft
  • Baths : 2 full
Listing Agent

F.c. Tucker Company

Listing Agent's Description

GREAT PLACE TO CALL HOME! This lovely 4 bedroom ranch on wonderful treed lot is waiting for you! Living Room with new carpet overlooking large deck and well landscaped back yard*Dining Area*Kitchen with all updated appliances and new flooring*Family room with new carpet & gas fireplace*Master Bedroom has a walkin-cedar closet and full bath with marble shower*Two full baths*Laundry Room*Home has leaf guard, Security system, Newer furnace/AC, newer windows. All you have to do is move in! Wonderful cul-de-sac location! Security Light in Backyard $37/yr. paid by 4 neighbors.

SEE MORE

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)

PRICE & RENT TRENDS

Neighborhood: Chapel Hill Village

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160kPrice in $87k168k

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

Neighborhood: Chapel Hill Village

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2800850900950100010501100115012001250Rent in $7941268

* 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
Westlake Elementary School Primary Regular 776 46 2
Chapel Hill 7th And 8th Grade Center Middle Regular 1,105 78 4
Ben Davis University High School High Regular 358 18 4

Westlake Elementary School

  • Education Level: Primary
  • # of students: 776
  • # of teachers: 46
2
GreatSchools Rating

Chapel Hill 7th And 8th Grade Center

  • Education Level: Middle
  • # of students: 1,105
  • # of teachers: 78
4
GreatSchools Rating

Ben Davis University High School

  • Education Level: High
  • # of students: 358
  • # of teachers: 18
4
GreatSchools Rating
 

FINANCIALS

Learn how to read this

$146,610$179,190$162,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING
Learn how to read this

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow

  • Appreciation

  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$601
Property Tax -$305
Property Insurance -$59
Property Management Fees -$125
CASH FLOW
$300

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.

$162,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 8.91%
Maintenance Year (1-5) 8.00%
Vacancy 8.45%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,919

INVESTMENT

$48,919

Down Payment		 $40,725
Rehab Estimate		 $5,750
Closing Costs		 $2,444

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$601

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $40,725
Loan Amount $122,175
See What Happens When You Reinvest Cash Flow

11.33

YEARS SAVED

$33,390

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT

  • $0.84

    LIST RENT PER SQFT

  • $1,351

    COMP ESTIMATED VALUE

  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1853$1,1954$1,3005$1,390
$1,390
RENT COMPS ANALYSIS
  • 7050 Camelot Court Indianapolis, 5
    • 4 beds 2 baths ∙ 1,652 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,652 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.84
    •  
  • 6979 West 13th Street Indianapolis, 1
    • 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
    •  
  • 6605 West 14th Street Indianapolis, 2
    • 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, 3
    • 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
    •  
  • 7140 Queensbury Court Indianapolis, 4
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1962
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Rhoda E. Brown
1.317.919.0318
F.c. Tucker Company

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
BESbswy