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9437 Pepperidge Drive Indianapolis, IN 46235

3 Beds 1 Baths 1,548 sqft Built 1977

$120,000

List Price

$1,020

$918 - $1.1K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $77.52
  • 3 Days on Market
  • MLS # : 21756280
  • Updated Date : 12/12/2020 at 17:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,548 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Indy Metro Ne

Listing Agent's Description

Come and see this wonderfully updated home in Lawrence! The home wastes no space as every area is very useful! The kitchen has been recently updated to today's style! Fresh paint and updated carpet makes this a move in ready home! The spacious living room creates an open floor plan that will be cozy and comfortable. The lower level is bright and open, perfect for living! Welcome Home!

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: Lawrence

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190kPrice in $104k198k

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

Neighborhood: Lawrence

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250Rent in $9211270

* 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
Indian Creek Elementary School Of Science, Technology, Engineering And Math Primary Magnet 685 33 4
Indian Creek Elementary School Of Science, Technology, Engineering And Math Middle Magnet 685 33 4
Lawrence North High School High Regular 2,293 109 5

Indian Creek Elementary School Of Science, Technology, Engineering And Math

  • Education Level: Primary
  • # of students: 685
  • # of teachers: 33
4
GreatSchools Rating

Indian Creek Elementary School Of Science, Technology, Engineering And Math

  • Education Level: Middle
  • # of students: 685
  • # of teachers: 33
4
GreatSchools Rating

Lawrence North High School

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

$108,000$132,000$120,000

PURCHASE PRICE

$918$1,122$1,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,020
EXPENSES Loan Payment -$443
Property Tax -$194
Property Insurance -$57
Property Management Fees -$92
CASH FLOW
$235

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.

$120,000

PROJECTED PRICE

$1,020

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 2.4%
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$50k$100k$150k$200k$250k$300k$350k$400k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$37,550

INVESTMENT

$37,550

Down Payment
$30,000
Rehab Estimate
$5,750
Closing Costs
$1,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$443

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $30,000
Loan Amount $90,000
See What Happens When You Reinvest Cash Flow

12.17

YEARS SAVED

$26,968

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,020

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $937

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$865
1$8652$9153$9254$9455$1,020
$1,020
RENT COMPS ANALYSIS
  • 9437 Pepperidge Drive Indianapolis, IN 5
    • 3 beds 1 baths ∙ 1,548 Sqft ∙ Built 1977 3 beds 1 baths ∙ 1,548 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,020
    • $0.66
    •  
  • 9968 Ellis Drive Indianapolis, IN 1
    • 4 beds 3 baths ∙ 1,467 Sqft ∙ Built 1966 4 beds 3 baths ∙ 1,467 Sqft ∙ Built 1966
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $865
    • $0.59
    •  
  • 3920 Marietta Court Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1968
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $915
    • $0.56
    •  
  • 9413 English Oak Drive Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1976
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.60
    •  
  • 4008 Arquette Drive Indianapolis, IN 4
    • 4 beds 1 baths ∙ 1,413 Sqft ∙ Built 1962 4 beds 1 baths ∙ 1,413 Sqft ∙ Built 1962
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $945
    • $0.67
    •  
PROPERTY LISTING DETAILS
Staci M. Woods
Keller Williams Indy Metro Ne
BESbswy