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$415,000

For Sale - Active
8876 Boylan Pl, Pendleton, IN 46064
4 Beds
3 Baths
2,772 Square Feet
0.20 Acres Lot
Built in 2021
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: Jun 06, 2025 at 03:13AM

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
-$231
Cap Rate
5.5%
Cash-on-Cash Return
-2.9%
Debt Coverage Ratio
0.89
Internal Rate of Return (5 years)
1.2%

Property Description


0.20 Acres Lot
Built in 2021
For Sale - Active
Units n/a

Welcome to 8876 Boylan Place-where style meets comfort and every detail feels like home. At the front of the home, a light-filled den with French doors offers the ideal space for a home office or private retreat. The heart of the home is a stunning kitchen featuring crisp white cabinetry, quartz countertops, and an expansive eat-in area-perfect for gatherings of any size. The great room is warm and inviting, featuring a gas fireplace with beautiful stone surround and a classic mantle that adds character and charm. Upstairs, a versatile loft space adds flexibility, along with four generously sized bedrooms. Two of the bedrooms feature custom closet built-ins for maximum storage and organization. The upstairs laundry room offers convenience and includes beautifully designed built-ins to keep everything in place. Additional highlights include a heated 3-car garage with soaring ceilings for added comfort, storage, or workshop potential, a brand-new composite deck with professionally designed landscaping ideal for outdoor entertaining, a covered pergola for shaded relaxation, and a fully fenced backyard with 4-foot vinyl fencing-perfect for privacy and pets. A walking trail right beside the home leads to the community pool and park, and designer lighting and hardware from Restoration Hardware add an elevated, cohesive touch throughout. This home combines thoughtful upgrades, elegant design, and everyday functionality-a rare opportunity in a prime location.

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Location


Property Details


Parking

  • Description: Concrete
  • Details: Garage Door Opener, Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 2

Exterior Features

  • Foundation: Slab

HOA

  • Has HOA: Yes
  • HOA Fee: $440/annually

Land Information

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

Lot Information

  • Parcel ID: 481528401005.008014
  • Lot Size: 8712 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: TraditonalAmerican
  • Year Built: 2021

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Forced Air

Location

  • County: Madison

Listing Details


Listed by:
Amanda Klotsch
Highgarden Real Estate
(317) 459-5711

Source:
MIBOR Broker Listing Cooperative
MLS#: 22040600
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
-$231
Cap Rate
5.5%
Cash-on-Cash Return
-2.9%
Debt Coverage Ratio
0.89
Internal Rate of Return (5 years)
1.2%

Purchase Details

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Purchase price:
$415,000
Amount financed:
-$332,000
Down payment:
$83,000
Closing costs:
$12,450
Rehab costs:
$0
Initial cash invested:
$95,450
Square feet:
2,772
Cost per square foot:
$150
Monthly rent per square foot:
$1.01

Financing Details

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Loan amount:
$332,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,126
Property tax:
$0
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,322

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (1%)
1%-$37-$444
Total operating expenses: (26%)
26%-$737-$8,844

Cash Flow


Monthly Yearly
Net operating income:
$1,895 $22,740
Mortgage payments:
-$2,126 -$25,512
Cash flow:
$231 $2,772