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7726 Swails Street Indianapolis, IN 46259

3 Beds 1 Baths 1,152 sqft Built 1986

$99,900

List Price

$1,030

$927 - $1.1K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $86.72
  • 3 Days on Market
  • MLS # : 21774204
  • Updated Date : 03/26/2021 at 11:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,152 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Indpls Metro N

Listing Agent's Description

Small town feel in this quaint Franklin Twp. neighborhood, known as Acton. Tons of character and potential in this charming A-frame! Adorable front porch and huge back deck, perfect for entertaining in the fully fenced yard. 2 bedrooms and full bath on main floor. Loft and 3rd bedroom upstairs. All appliances stay, including washer & dryer. Roof (2013), well pump & tank (2016), softener & filtration system (2017), gutters & vapor barrier (2017). Property being sold As-Is.

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: Bloomfield Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180kPrice in $104k184k

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

Neighborhood: Bloomfield Lake Estates

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q295010001050110011501200125013001350Rent in $9211352

* 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
Franklin Central High School High Regular 2,503 110 9

Franklin Central High School

  • Education Level: High
  • # of students: 2,503
  • # of teachers: 110
9
GreatSchools Rating
 

$89,910$109,890$99,900

PURCHASE PRICE

$927$1,133$1,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,030
EXPENSES Loan Payment -$347
Property Tax -$156
Property Insurance -$49
Property Management Fees -$93
CASH FLOW
$385

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.

$99,900

PROJECTED PRICE

$1,030

PROJECTED RENT

1.03%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 6.1%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$32,224

INVESTMENT

$32,224

Down Payment
$24,975
Rehab Estimate
$5,750
Closing Costs
$1,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$347

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $24,975
Loan Amount $74,925
See What Happens When You Reinvest Cash Flow

17.5

YEARS SAVED

$29,496

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,030

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $956

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,030
1$1,0302$1,135
$1,135
RENT COMPS ANALYSIS
  • 7726 Swails Street Indianapolis, IN 1
    • 3 beds 1 baths ∙ 1,152 Sqft ∙ Built 1986 3 beds 1 baths ∙ 1,152 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,030
    • $0.89
    •  
  • 10734 Pavilion Drive Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 2004
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,135
    • $0.83
    •  
PROPERTY LISTING DETAILS
Angela Delise
1.317.847.1207
Keller Williams Indpls Metro N
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21774204
Last Updated: 03/26/2021
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