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 1988
- Price/Sqft : $124.48
- 3 Days on Market
- MLS # : 21764343
- Updated Date : 02/12/2021 at 16:37
CONSTRUCTION
- Beds : 4
- Floor Size : 1,928 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Indy Metro Ne
Listing Agent's Description
Check out this beautiful 2 story in Washington Township-Well loved w/ new windows that include a lifetime warranty, new LVT floors, new light fixtures, front door, patio door, new neutral paint, garage door opener that connects to an app, exterior light fixtures, newer carpet upstairs-Features include Lg Full Fenced Yard-Open Concept-Fire Pit-All New Appliances in 2018-Self Cleaning Oven-Walls in garage covered in Peg Board great for storage & organization-Large closets and under stair storage-Hall bath has toilet & shower separate from sink & vanity just close the door for privacy so multiple people can utilize the bathroom-W/in walking distance to Daubenspeck Community Nature Park-Conveniently located near I-465, Restaurants & shopping.
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
Neighborhood: Misty Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Misty Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$834 |
| Property Tax | -$428 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$136 | |
|
CASH FLOW
$48
|
||
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
$1,510
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 4.2% |
| 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
$69,350
LOAN DETAILS
$834
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
3.42
YEARS SAVED
$7,484
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,610
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
9157 Misty Lake Court Indianapolis, IN 5
- 4 beds 3 baths ∙ 1,928 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,928 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $1,510
- $0.78
-
9350 Golden Leaf Way Indianapolis, IN 1
- 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 1985
LEASED 12/21/19- Rent
- Rent Per SQFT
- $1,395
- $0.85
-
1240 West 79th Street Indianapolis, IN 2
- 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1973
LEASED 11/11/19- Rent
- Rent Per SQFT
- $1,400
- $0.85
-
1855 Misty Lake Drive Indianapolis, IN 3
- 3 beds 3 baths ∙ 1,732 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,732 Sqft ∙ Built 1999
LEASED 04/14/20- Rent
- Rent Per SQFT
- $1,400
- $0.81
-
9538 Summer Ridge Place Indianapolis, IN 4
- 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1996
LEASED 08/11/20- Rent
- Rent Per SQFT
- $1,470
- $0.83
PROPERTY LISTING DETAILS
Keller Williams Indy Metro Ne
