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7711 Oakshot Lane Indianapolis, IN 46268

3 Beds 2 Baths 1,573 sqft Built 1988

$189,900

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $120.72
  • 4 Days on Market
  • MLS # : 21752105
  • Updated Date : 11/21/2020 at 18:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,573 sqft
  • Baths : 2 full
Listing Agent

Jeff Paxson Team

Listing Agent's Description

CROOKED CREEK HEIGHTS- CUL-DE-SAC *MOVE IN READY* 3 BEDROOM, 2 BATHROOM, 1,573sqft RANCH- Covered Porch, Open Floorplan, Pond View, Attached 2 Car Garage, NEW Carpet, NEW Interior Paint, NEW Flooring in Kitchen & Throughout, FIREPLACE in Living Room, NEW Electrical Sockets, NEW Rear Outdoor LED Security Lights, NEW Range Exhaust Fan, NEW Smoke Detectors

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: Augusta Green

NeighborhoodNIR Market*CityMarket2010Year20002019105k110k115k120k125k130k135k140k145k150k155k160k165k170kPrice in $104k174k

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

Neighborhood: Augusta Green

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q295010001050110011501200125013001350Rent in $9211390

* 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
Pike High School High Regular 3,159 161 5

Pike High School

  • Education Level: High
  • # of students: 3,159
  • # of teachers: 161
5
GreatSchools Rating
 

$170,910$208,890$189,900

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 -$701
Property Tax -$298
Property Insurance -$58
Property Management Fees -$113
CASH FLOW
$82

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.

$189,900

PROJECTED PRICE

$1,250

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.73%
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$56,074

INVESTMENT

$56,074

Down Payment
$47,475
Rehab Estimate
$5,750
Closing Costs
$2,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,475
Loan Amount $142,425
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$11,998

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
  • $0.79

    LIST RENT PER SQFT
  • $1,380

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3453$1,4954$1,5005$1,565
$1,565
RENT COMPS ANALYSIS
  • 7711 Oakshot Lane Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.79
    •  
  • 4222 West 79th Street Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1979
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.85
    •  
  • 2804 West 75th Street Indianapolis, IN 3
    • 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.87
    •  
  • 8137 North Payne Road Indianapolis, IN 4
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1986
    property image
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.93
    •  
  • 3823 Oil Creek Drive Indianapolis, IN 5
    • 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 1986
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.86
    •  
PROPERTY LISTING DETAILS
Jeffrey D. Paxson
Jeff Paxson Team
BESbswy