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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $125.44
- 3 Days on Market
- MLS # : 21766301
- Updated Date : 02/19/2021 at 16:14
CONSTRUCTION
- Beds : 3
- Floor Size : 1,714 sqft
- Baths : 2 full
Listing Agent
F.c. Tucker Company
Listing Agent's Description
What a beautiful place to relax in the spacious great room around the fireplace! Great room with ceiling fan is light-filled and has views of the front yard and fully fenced back yard. Open kitchen leads to dining room with views of the backyard too. All stainless steel kitchen appliances stay and so do the washer and dryer. Large master bedroom includes walk-in closet. Mater bath has tiled shower and glass doors. Quiet street on a cul de sac and mature trees. Don't miss this one. It won't last long!
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PRICE & RENT TRENDS
Neighborhood: I69-Fall Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: I69-Fall Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,430 |
| EXPENSES | Loan Payment | -$747 |
| Property Tax | -$336 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$159
|
||
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.
$215,000
PROJECTED PRICE
$1,430
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.92% |
| Appreciation Year (1-5) | 4.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.73% |
| 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
$62,725
LOAN DETAILS
$747
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
6.5
YEARS SAVED
$17,059
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,504
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
7923 San Ricardo Court Indianapolis, IN 2
- 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $1,430
- $0.83
-
8028 Bittern Lane Indianapolis, IN 1
- 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1980
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,350
- $0.82
-
8502 Wakefield Court Indianapolis, IN 3
- 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1986
LEASED 11/27/19- Rent
- Rent Per SQFT
- $1,500
- $0.85
-
8214 Castle Farms Road Indianapolis, IN 4
- 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1980
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,580
- $1.00
-
8302 Castle Ridge Lane Indianapolis, IN 5
- 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 1985
LEASED 02/11/21- Rent
- Rent Per SQFT
- $1,650
- $0.84
PROPERTY LISTING DETAILS
1.317.332.6590
F.c. Tucker Company
MLS #: 21766301
Last Updated: 02/19/2021
