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8634 Greta Drive E Indianapolis, IN 46239

3 Beds 2 Baths 1,590 sqft Built 1970

$200,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $125.79
  • 3 Days on Market
  • MLS # : 21768977
  • Updated Date : 03/13/2021 at 05:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,590 sqft
  • Baths : 2 full
Listing Agent

David Brenton's Team

Listing Agent's Description

Located on a spacious half-acre lot in Franklin Township, this charming 3-bedroom brick ranch is waiting for you! Explore this home via interactive 3D home tour, complete with floor plans, video & more. A large picture window lets natural light flood the living room, while the family room offers a secondary living & entertaining space. Kitchen features abundant countertop & cabinet storage space, as well as a tile backsplash. Master bedroom includes 2 closets and its own full bathroom. Relax in the fully-fenced backyard with multiple wood decks, mature trees, & a fish pond. Plenty of additional storage space in the 2-car detached garage & mini barn. Convenient location is just moments from nearby schools, parks, dining, shopping, & more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Galludet

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $104k221k

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

Neighborhood: Galludet

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250130013501400145015001550Rent in $9211551

* 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
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$695
Property Tax -$313
Property Insurance -$58
Property Management Fees -$127
CASH FLOW
$218

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.

$200,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

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$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$22,026

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,479

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,410
$1,410
RENT COMPS ANALYSIS
  • 8634 Greta Drive E Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.89
    •  
  • 4908 Betholm Drive Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1952
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.93
    •  
PROPERTY LISTING DETAILS
David C. Brenton
David Brenton's Team
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768977
Last Updated: 03/13/2021
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