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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $99.19
- 3 Days on Market
- MLS # : 21765124
- Updated Date : 02/13/2021 at 11:54
CONSTRUCTION
- Beds : 4
- Floor Size : 2,823 sqft
- Baths : 2 full , 1 half
Listing Agent
F.c. Tucker Company
Listing Agent's Description
Welcome home to this like-new home with plenty of room in the four bedrooms, loft, and private home office! Built-in 2017, but offers brand new carpet in living areas and master bedroom. Formal and casual dining areas and spacious family room with tons of natural light. Three car side loading garage adds plenty of storage. The kitchen offers a center island and all appliances. Oversized master bedroom with walk-in and double sinks.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 46055
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 46055
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$973 |
| Property Tax | -$389 | |
| Property Insurance | -$82 | |
| HOA | -$47 | |
| Property Management Fees | -$167 | |
|
CASH FLOW
$203
|
||
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.
$280,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 3.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.07% |
| 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
$79,950
LOAN DETAILS
$973
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
6.33
YEARS SAVED
$21,257
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$1,793
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
-
8839 North Windview Drive Mccordsville, IN 3
- 4 beds 3 baths ∙ 2,823 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,823 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,860
- $0.66
-
6425 West Cedar Chase Drive Mccordsville, IN 1
- 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 2008
LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,795
- $0.59
-
5715 West Crestview Trail Mccordsville, IN 2
- 4 beds 3 baths ∙ 2,631 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,631 Sqft ∙ Built 2005
LEASED 04/06/20- Rent
- Rent Per SQFT
- $1,795
- $0.68
PROPERTY LISTING DETAILS
F.c. Tucker Company
