10747 Sterling Apple, Indianapolis

Indiana, USA

Single Family

Full ownership

Price - $112,500

Expected Rent - $1,050

Property

4

Bedrooms

2.5

Bathrooms

2002

Year Built

1,970

Property sq. ft.

5,227

Lot sq. ft.

$57

Price per sq. ft

Great two story home with 4 bedrooms and 2.5 baths on tree lined lot. Spacious great room leads to dining area. Large master suite has garden tub, separate shower, and walk in closet. All bedrooms are very good size.


Location

+ Indianapolis is the 13th largest city in the US, the third largest Midwest City, and part of the 33rd largest Metropolitan Statistical Area with nearly 1.7 million residents. + Indianapolis’ population is projected to grow by 19% by 2020 which will Keep contribute to the real estate market to grow. + Indianapolis was ranked in the Wall Street Journal as one of the top three best markets in the country for real estate investment. + Indianapolis has one of the highest monthly rent to price ratios in the nation (approximately 1% vs. a national average of 0.4%). + Homes are currently selling for less than their replacement costs. + The PMI risk index ranks Indianapolis as the fifth least likely metropolitan area to depreciate in the next two years.


Market

Population Growth - 0.98% per year
Population Density - 861 per km²
Median Age - 35
Median Income - $54,939

Indianapolis has a diversified economy with major contributions from education, health care and finance. Tourism is also a vital part of the economy as the city plays host to numerous conventions and sporting events such as the Indianapolis 500. The city is also home to numerous higher education institutions including Ball State University, Butler University, Indiana University-Purdue University Indianapolis, Ivy Tech Community College of Indiana, Marian University and Martin University among others. Indianapolis continues to be a distribution and logistics center, as more interstate highways intersect with the city than any other in the U.S. This has led to the city's nickname as the "Crossroads of America."


Finance

Expected Taxes - $1,428
Insurance - $756
Record Value Year - 2007
Record Value Amount - $137,000
Past Sale Year - 2009
Past Sale Amount - $90,000

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