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7706 High View Drive Indianapolis, IN 46236

4 Beds 3 Baths 1,760 sqft Built 1995

$219,900

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $124.94
  • 3 Days on Market
  • MLS # : 21752371
  • Updated Date : 11/21/2020 at 08:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,760 sqft
  • Baths : 3 full
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Welcome to Popular Bradford Creek in Lawrence TWP. This home has such a versatile floor plan. Master Bedroom on the main with 2 other bedrooms and a full bath. Head up stairs and you have an awesome loft and another master bedroom with on suite master bath. Looking for something for the in-laws on the main? You could easily have it all with this home. The main floor greatroom has lovely updated laminate floors, cathedral ceiling, fresh paint tones and updated fire place with beautiful mantle. Many of the ceiling fans have been updated and the home has NEST Thermostat. The upstairs loft is the perfect place for a man cave or living area for the upstairs guests. Exterior paint is fresh and this home has a huge fenced backyard. Schedule today!

SEE MORE

  • 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)
  • 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)

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
Oaklandon Elementary School Of Environmental Studies (east Side) Primary Regular 614 33 3
Belzer Middle School Middle Regular 1,159 61 4
Lawrence Central High School High Regular 2,331 115 3

Oaklandon Elementary School Of Environmental Studies (east Side)

  • Education Level: Primary
  • # of students: 614
  • # of teachers: 33
3
GreatSchools Rating

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
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$811
Property Tax -$343
Property Insurance -$61
HOA -$20
Property Management Fees -$131
CASH FLOW
$85

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.

$219,900

PROJECTED PRICE

$1,450

PROJECTED RENT

0.66%

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$600k

PROJECTED ANNUAL CASH FLOW

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

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$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$12,275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,399

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,145
1$1,1452$1,2753$1,3454$1,4455$1,450
$1,450
RENT COMPS ANALYSIS
  • 7706 High View Drive Indianapolis, IN 5
    • 4 beds 3 baths ∙ 1,760 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,760 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.82
    •  
  • 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
    •  
  • 7930 Cherrybark Court Indianapolis, IN 3
    • 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 1995
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.82
    •  
  • 12218 Van Spronsen Court Indianapolis, IN 4
    • 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
Jason R. Dearman
F.c. Tucker Company
BESbswy