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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $109.77
- 3 Days on Market
- MLS # : 21755793
- Updated Date : 12/04/2020 at 21:58
CONSTRUCTION
- Beds : 3
- Floor Size : 1,822 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Scheetz
Listing Agent's Description
Wow- gorgeous 3 bed/2.5 ba with vaulted ceilings, updated kitchen with white and grey cabs professionally painted, quartz ctrs., stainless apps and custom backsplash, laminate throughout 1st floor, new paint, doors, GDO, HVAC 2015. 1/2 bath updated w/quartz, custom tile flooring, all new lighting and plumbing fixtures through out. Updated hall and master baths, spacious master bedroom w/ vaulted ceiling. Large deck for summer entertaining and full rear fence. Move in ready, all appliances included, immaculate, won't last long.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Geist
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Geist
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,350 |
| EXPENSES | Loan Payment | -$738 |
| Property Tax | -$312 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$122 | |
|
CASH FLOW
$116
|
||
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.
$200,000
PROJECTED PRICE
$1,350
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 3.1% |
| 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
$58,750
LOAN DETAILS
$738
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $50,000 |
| Loan Amount | $150,000 |
5.58
YEARS SAVED
$14,773
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,350
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,408
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
7509 Dry Branch Court Indianapolis, IN 4
- 3 beds 3 baths ∙ 1,822 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,822 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,350
- $0.74
-
7248 Glossbrenner Court Indianapolis, IN 1
- 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1990
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,145
- $0.78
-
7346 Red Rock Road Indianapolis, IN 2
- 4 beds 3 baths ∙ 1,712 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,712 Sqft ∙ Built 1992
LEASED 02/24/20- Rent
- Rent Per SQFT
- $1,275
- $0.74
-
6720 Sparrowood Drive Indianapolis, IN 3
- 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 1997
LEASED 12/17/19- Rent
- Rent Per SQFT
- $1,350
- $0.73
-
12218 Van Spronsen Court Indianapolis, IN 5
- 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1991
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,445
- $0.84
PROPERTY LISTING DETAILS
Century 21 Scheetz
