Morning Star Drive, 1 car garage – attached sold Sold

3 bd, 1.5 ba, 1326 sqft

Sold

Morning Star Drive, Indianapolis, 46229

Characteristics
Bedrooms:      3 beds
Bathrooms:     1.5 bath
Single Family: 1,326 s.q. f.t.
Lot Size:         Not given
Year Built:      1961
Parking:          1 car garage – attached
 
Price 
$76,656
 
Income
$10,800 ($900 month)
 
Mortgage Calculation & Closing Costs
$280      Monthly Mortgage Payment
$3,360   Annual Mortgage Payment
$19,164 Down Payment (25%)
30 Year Loan Term Fixed

Cash to Purchase
Pay all Cash or Use a Loan
$19,164           Down Payment (25%)
$2,299.68        Closing Costs (3%)
$21,463.68      Total Cash Required

Annual Expense
$3,360 Mortgage Payment (5.5 %)
$1,596 Property Tax
$504    Insurance
$540    Maintenance
$540    Vacancy
$1080 Property Management
$7,620 Total Expense with Loan
$4,260 Total Expense with Cash Purchase
 
 
Net Income 
$6,540 All Cash Purchase/ $2,412 Loan Purchase
 
Return on Investment          
8.5% Cash on Cash Return (all cash purchase)
11% Cash-on-Cash Return (loan purchase)


Listings and Recent Sales

  1. 2736 Mercury Ct, Indianapolis, IN – 3 beds, 1.5 baths, 1,797 S.q. F.t., Sold for $88,500
  2.  2552 Morning Star Drive, Indianapolis, IN – 3 beds, 1.5 baths, 1,340 S.q. F.t., For Sale for $79,900
  3. 9442 Gemini Drive Indianapolis, IN – 3 beds, 1.5 bath, 1,420 S.q. F.t., For Sale for $118,200

*ROI is determined by cash flow, market appreciation, tax savings, principal pay down, and rental income. Past performance is no guarantee of future results and individual results may vary. The information and any statistical data contained herein have been obtained from sources which we believe to be reliable, but we do not represent that they are accurate or complete, and they should not be relied upon as such. All opinions expressed and data provided herein are subject to change without notice. Past performance is no guarantee of future results, and current performance may be lower or higher than the performance data quoted. Results shown here are not typical, results will vary based upon real estate prices, interest rates, creditworthiness and many other factors.

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Property Details

Address:
Morning Star Drive,
City:
Indianapolis,
State:
76,656
Zip Code:
46229
Year Built:
1961
Terms:
For Sale
Property Type:
Home
Square Feet:
1326
Bedrooms:
3
Bathrooms:
1.5

Call 317-645-3100 for more details

Property Location

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