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8729 Gunpowder Court Indianapolis, IN 46256

3 Beds 2 Baths 1,500 sqft Built 1979

$220,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $146.67
  • 5 Days on Market
  • MLS # : 21769138
  • Updated Date : 03/03/2021 at 09:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,500 sqft
  • Baths : 2 full
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Welcome home to this 3 bedroom ranch on a cul de sac conveniently located on the northside of Indianapolis. Home features open floor plan with large great room, new carpet throughout and additional space for play room, home office or formal dining room. Enjoy your morning cup of coffee or evening beverage from the covered patio overlooking your large backyard. Or relax with the ultimate spa experience in the updated master bath featuring jetted tub and blue tooth speaker light!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hunters Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $104k221k

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

Neighborhood: Hunters Ridge

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
Fall Creek Valley Middle School Middle Regular 1,159 57 3
Lawrence North High School High Regular 2,293 109 5

Fall Creek Valley Middle School

  • Education Level: Middle
  • # of students: 1,159
  • # of teachers: 57
3
GreatSchools Rating

Lawrence North High School

  • Education Level: High
  • # of students: 2,293
  • # of teachers: 109
5
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$764
Property Tax -$343
Property Insurance -$56
Property Management Fees -$122
CASH FLOW
$65

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.

$220,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.3%
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

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$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$8,993

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,455

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,4454$1,5805$1,695
$1,695
RENT COMPS ANALYSIS
  • 8729 Gunpowder Court Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.90
    •  
  • 7828 Cardinal Cove N Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1986
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 8019 Christiana Way Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1991
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $1.00
    •  
  • 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
    •  
  • 10331 Lakeland Drive Fishers, IN 5
    • 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1996
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
PROPERTY LISTING DETAILS
Steve Farmer
1.317.989.1434
F.c. Tucker Company
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21769138
Last Updated: 03/03/2021
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