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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $92.55
- 2 Days on Market
- MLS # : 21766032
- Updated Date : 02/20/2021 at 17:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,592 sqft
- Baths : 3 full
Listing Agent
Exp Realty, Llc
Listing Agent's Description
Come see this beautifully updated 4 bedroom, 3 full bath with over 2500 sqft tri-level home located at the end of a culdesac. This home features a brand new fully finished basement, new hardwood floors on the main level, updated kitchen with stainless steel appliances and island, brand new roof (2020), new water heater (2020), all new flooring on main level and carpet upstairs (2020). Huge fenced in backyard featuring a trampoline and swingset. Located in a quiet, family friendly neighborhood in the Castleton area conveniently near 465.
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PRICE & RENT TRENDS
Neighborhood: Castleton
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Castleton
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$833 |
| Property Tax | -$374 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$138 | |
|
CASH FLOW
$108
|
||
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.
$239,900
PROJECTED PRICE
$1,530
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.92% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.73% |
| 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
$69,324
LOAN DETAILS
$833
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
5.08
YEARS SAVED
$13,010
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$0.59
LIST RENT PER SQFT
-
$1,672
COMP ESTIMATED VALUE -
$0.65
COMP AVG. RENT PER SQFT
Comps Range
-
9319 Drawbridge Court Indianapolis, IN 2
- 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $1,530
- $0.59
-
9141 Budd Run Drive Indianapolis, IN 1
- 3 beds 3 baths ∙ 2,592 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,592 Sqft ∙ Built 1976
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,525
- $0.59
-
6388 Manchester Drive Fishers, IN 3
- 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 1990
LEASED 11/19/19- Rent
- Rent Per SQFT
- $1,575
- $0.63
-
9026 Kasteel Way Indianapolis, IN 4
- 4 beds 4 baths ∙ 2,304 Sqft ∙ Built 1981 4 beds 4 baths ∙ 2,304 Sqft ∙ Built 1981
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,665
- $0.72
-
8414 Castle Ridge Lane Indianapolis, IN 5
- 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 1987
LEASED 08/27/19- Rent
- Rent Per SQFT
- $1,745
- $0.64
PROPERTY LISTING DETAILS
1.317.358.7049
Exp Realty, Llc
MLS #: 21766032
Last Updated: 02/20/2021
