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7661 Geist Valley Court Indianapolis, IN 46236

3 Beds 2 Baths 1,465 sqft Built 1989

$210,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $143.34
  • 3 Days on Market
  • MLS # : 21770294
  • Updated Date : 03/13/2021 at 15:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,465 sqft
  • Baths : 2 full
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Welcome to Geist Valley Estates. Home is on a large lot offering a park-like setting with mature trees, and the privacy offered by being at the end of the cul-de-sac. This 3-bedroom ranch has 2020 updates including new Garage Door, Roof, Gutters, and Front Windows. Large back yard is fully fenced. Both Bathrooms have new flooring and toilets. Guest bath also includes new vanity and lights. Spacious Master Bedroom includes lots of storage with its two large closets. This is a great opportunity to be close to lots of outdoor attractions like golf, parks, and of course Geist Lake.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Geist

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k326k

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

Neighborhood: Geist

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2100012001400160018002000220024002600Rent in $9212631

* 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
4
GreatSchools Rating

Lawrence Central High School

  • Education Level: High
  • # of students: 2,331
  • # of teachers: 115
3
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$729
Property Tax -$328
Property Insurance -$55
Property Management Fees -$113
CASH FLOW
$25

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.

$210,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$6,018

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,322

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2503$1,2504$1,2955$1,300
$1,300
RENT COMPS ANALYSIS
  • 7661 Geist Valley Court Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.85
    •  
  • 11604 East 75th Street Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1986
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.90
    •  
  • 7621 Davis Lane Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1986
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.87
    •  
  • 7432 Pebblebrooke West Drive Indianapolis, IN 4
    • 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1988
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.90
    •  
  • 12403 East 75th Street Indianapolis, IN 5
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1993
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.94
    •  
PROPERTY LISTING DETAILS
James D. Anthony
F.c. Tucker Company
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21770294
Last Updated: 03/13/2021
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