Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $95.16
- 7 Days on Market
- MLS # : 21767722
- Updated Date : 02/22/2021 at 09:42
CONSTRUCTION
- Beds : 3
- Floor Size : 2,522 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Indy Metro Ne
Listing Agent's Description
Spacious two story in Franklin Lakes subdivision. Newer Privacy fence and Vinyl flooring.
SEE MORE
PRICE & RENT TRENDS
Zip Code: 46131
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 46131
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$834 |
| Property Tax | -$321 | |
| Property Insurance | -$76 | |
| HOA | -$11 | |
| Property Management Fees | -$138 | |
|
CASH FLOW
$151
|
||
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.
$240,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,350
LOAN DETAILS
$834
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
6.17
YEARS SAVED
$17,479
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$0.61
LIST RENT PER SQFT
-
$1,589
COMP ESTIMATED VALUE -
$0.63
COMP AVG. RENT PER SQFT
Comps Range
-
837 Franklin Lakes Boulevard Franklin, IN 2
- 3 beds 3 baths ∙ 2,522 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,522 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,530
- $0.61
-
1255 Fiesta Drive Franklin, IN 1
- 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 2010
LEASED 10/15/19- Rent
- Rent Per SQFT
- $1,425
- $0.63
PROPERTY LISTING DETAILS
Keller Williams Indy Metro Ne
MLS #: 21767722
Last Updated: 02/22/2021
