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PROPERTY INFO
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
* 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 | $1,450 |
| 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
| 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
$64,024
LOAN DETAILS
$811
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $54,975 |
| Loan Amount | $164,925 |
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
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- $1,275
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-
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- 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 1995
LEASED 09/04/19- Rent
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- $1,345
- $0.82
-
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LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,445
- $0.84
PROPERTY LISTING DETAILS
F.c. Tucker Company
