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$515,000

Sale Pending
2564 Tangleridge Ln, Brownsburg, IN 46112
3 Beds
3 Baths
4,248 Square Feet
0.16 Acres Lot
Built in 2014
Sale Pending
Units n/a
Checked: 23 hours ago
Updated: May 28, 2025 at 03:22AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$1,133
Cap Rate
3.6%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-7.1%

Property Description


0.16 Acres Lot
Built in 2014
Sale Pending
Units n/a

Beautiful Ranch in Brownsburg offering low maintenance living without having to give up space! Large entry welcomes you in, separate dining room, guest bedroom, separate office/den or could be a 4th bedroom. Tall ceilings and arched doorways are just some of the features in this lovely home. Walk in to the Family Room, open to the expansive gourmet kitchen with center island, and a hearth room off to the side. Exterior door from the hearth room leads to a nice sized deck overlooking your private backyard. But wait, there's a full lower level to this home! Huge, full finished basement offers additional living space including a custom built, temperature controlled, wine room, another bedroom with a full bath, an exercise area, and a room currently being used as a craft room, but you decide! Not to mention ample, much sought after storage space! 2 car attached garage. Low monthly HOA fees. Convenient to everything Brownsburg!

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Garage Door Opener, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Finished, Storage Space

Exterior Features

  • Foundation: Slab

HOA

  • Has HOA: Yes
  • HOA Fee: $100/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 320727252005.000016
  • Lot Size: 6970 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 2014

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Forced Air, Natural Gas

Location

  • County: Hendricks

Listing Details


Listed by:
Becky Rogers
RE/MAX At The Crossing
(317) 371-9475

Source:
MIBOR Broker Listing Cooperative
MLS#: 22022551
MIBOR Broker Listing Cooperative

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$1,133
Cap Rate
3.6%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-7.1%

Purchase Details

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Purchase price:
$515,000
Amount financed:
-$412,000
Down payment:
$103,000
Closing costs:
$15,450
Rehab costs:
$0
Initial cash invested:
$118,450
Square feet:
4,248
Cost per square foot:
$121
Monthly rent per square foot:
$0.56

Financing Details

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Loan amount:
$412,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$2,689
Property tax:
$0
Insurance:
$168
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,857

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,400 $28,800
Vacancy loss: (6%)
6% -$144 -$1,728
Operating income:
$2,256 $27,072

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$168-$2,016
Property management: (8%)
8%-$192-$2,304
Repairs & maintenance: (5%)
5%-$120-$1,440
Capital expenditures: (5%)
5%-$120-$1,440
HOA fees: (4%)
4%-$100-$1,200
Total operating expenses: (29%)
29%-$700-$8,400

Cash Flow


Monthly Yearly
Net operating income:
$1,556 $18,672
Mortgage payments:
-$2,689 -$32,268
Cash flow:
$1,133 $13,596