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9146 North Washington Boulevard Indianapolis, IN 46240

3 Beds 2 Baths 2,402 sqft Built 1955

$265,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $110.32
  • 4 Days on Market
  • MLS # : 21770587
  • Updated Date : 03/11/2021 at 14:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,402 sqft
  • Baths : 2 full
Listing Agent

F.c. Tucker Company

Listing Agent's Description

MOVE-IN READY Adorable 3 bedroom 2 bath impeccably cared for home in the heart of Washington township. Large deck, fully fenced back yard with a large storage shed. Features include hardwood floors, fresh paint, new carpet ‘20, fence ‘17, HVAC ‘19, Sump Pump ‘18 & barrier lining in crawl space ‘20. The large basement expands your living, craft, storage and utility space. Two car garage and plenty of parking in expanded driveway for guests. This is a must see near the Meridian corridor, Nora, Keystone @ Crossing, Monon Trail, Washington Twp Schools, lots of shopping and dining! Welcome Home <3

SEE MORE

PRICE & RENT TRENDS

Neighborhood: College Commons

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $104k221k

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

Neighborhood: College Commons

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250130013501400145015001550Rent in $9131551

* 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
Nora Elementary School Primary Regular 705 35 5
Northview Middle School Middle Regular 819 50 3
North Central High School High Regular 3,518 182 7

Nora Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 35
5
GreatSchools Rating

Northview Middle School

  • Education Level: Middle
  • # of students: 819
  • # of teachers: 50
3
GreatSchools Rating

North Central High School

  • Education Level: High
  • # of students: 3,518
  • # of teachers: 182
7
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$920
Property Tax -$473
Property Insurance -$73
Property Management Fees -$150
CASH FLOW
$53

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.

$265,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.8%
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-$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,321

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,922

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,6703$2,400
$2,400
RENT COMPS ANALYSIS
  • 9146 North Washington Boulevard Indianapolis, IN 2
    • 3 beds 2 baths ∙ 2,402 Sqft ∙ Built 1955 3 beds 2 baths ∙ 2,402 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.70
    •  
  • 8065 Hoover Lane Indianapolis, IN 1
    • 3 beds 2 baths ∙ 2,390 Sqft ∙ Built 1964 3 beds 2 baths ∙ 2,390 Sqft ∙ Built 1964
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.59
    •  
  • 8444 North Washington Boulevard Indianapolis, IN 3
    • 3 beds 3 baths ∙ 2,375 Sqft ∙ Built 1961 3 beds 3 baths ∙ 2,375 Sqft ∙ Built 1961
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.01
    •  
PROPERTY LISTING DETAILS
Deborah Elliott
F.c. Tucker Company
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21770587
Last Updated: 03/11/2021
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