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9205 Brunson Run Indianapolis, IN 46256

3 Beds 3 Baths 2,359 sqft Built 1981

$260,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $110.22
  • 74 Days on Market
  • MLS # : 21748564
  • Updated Date : 01/22/2021 at 21:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,359 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Indy Metro W

Listing Agent's Description

LOCATION! 3 bdrm, 2.5 bath home that sits in the back of the popular Brunson Acres neighborhood! Remodeled kitchen & fresh interior paint in all rooms: May 2018, Remodeled owners bath: Oct 2019, complete new HVAC system: Feb 2020, duct cleaning summer of 2020. Bdrm carpets 1 year old! Great room w/hardwoods & brick fireplace. Open kitchen w/SS appls, granite, brkfst area & pantry. Formal dining as well! Owners suite featuring massive walk-in shower. Spacious wood deck provides a great place to host parties & other events. There is nothing better than a sun filled day, a family barbeque or an evening cocktail on the deck! Close to everything off of 96th St - shopping, dining, amenities & major roads, close to highway. A must see!

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: I69-Fall Creek

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200kPrice in $104k208k

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

Neighborhood: I69-Fall Creek

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q295010001050110011501200125013001350140014501500Rent in $9211541

* 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
Mary Castle Elementary School Of International Studies (west Side) Primary Regular 652 32 4
Mary Castle Elementary School Of International Studies (west Side) Middle Regular 652 32 4
Lawrence North High School High Regular 2,293 109 5

Mary Castle Elementary School Of International Studies (west Side)

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 32
4
GreatSchools Rating

Mary Castle Elementary School Of International Studies (west Side)

  • Education Level: Middle
  • # of students: 652
  • # of teachers: 32
4
GreatSchools Rating

Lawrence North High School

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

$234,000$286,000$260,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$903
Property Tax -$406
Property Insurance -$73
Property Management Fees -$143
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.

$260,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.73%
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$12k

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$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$10,526

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,693

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5903$1,5904$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 9205 Brunson Run Indianapolis, IN 3
    • 3 beds 3 baths ∙ 2,359 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,359 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.67
    •  
  • 8409 Christiana Lane Indianapolis, IN 1
    • 3 beds 2 baths ∙ 2,160 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,160 Sqft ∙ Built 1980
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.71
    •  
  • 8861 Glass Chimney Lane Fishers, IN 2
    • 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1993
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.70
    •  
  • 10686 Braewick Circle Fishers, IN 4
    • 3 beds 2 baths ∙ 2,296 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,296 Sqft ∙ Built 1999
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.72
    •  
  • 8313 Castle Farms Road Indianapolis, IN 5
    • 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1984
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
PROPERTY LISTING DETAILS
Eric Forney
Keller Williams Indy Metro W
BESbswy