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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $140.85
- 4 Days on Market
- MLS # : 21767881
- Updated Date : 02/25/2021 at 21:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,420 sqft
- Baths : 2 full
Listing Agent
Innovative Home Realty
Listing Agent's Description
Don't miss your chance on this ranch in Avon's 5 star school district. 10135 Stillwell offers over 1400 sqft, 3 bedrooms, 2 full baths and a 2 car garage. Some interior features include 2 separate living rooms, open concept, white kitchen cabinets and updated back-splash, appliances stay, separate dining area, laundry/mud room, and a master suite with walk-in closet. Outside has a large corner lot, covered front porch to enjoy those nice quiet evenings, nicely landscaped treated yard, and a large back deck for entertaining your guests. This home is also just minutes from all your entertainment, shopping and interstate needs. The neighborhood also has sidewalks for long walks and a park with a basketball court just seconds from this home.
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PRICE & RENT TRENDS
Zip Code: 46123
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 46123
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,270 |
| EXPENSES | Loan Payment | -$695 |
| Property Tax | -$331 | |
| Property Insurance | -$55 | |
| HOA | -$37 | |
| Property Management Fees | -$114 | |
|
CASH FLOW
$39
|
||
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.
$200,000
PROJECTED PRICE
$1,270
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 4.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.07% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,750
LOAN DETAILS
$695
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $50,000 |
| Loan Amount | $150,000 |
3.33
YEARS SAVED
$5,841
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,270
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,282
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
10135 Stillwell Drive Avon, IN 2
- 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $1,270
- $0.89
-
515 Bridgestone Drive Indianapolis, IN 1
- 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 2003
![property image]()
LEASED 09/04/19- Rent
- Rent Per SQFT
- $1,100
- $0.89
-
9778 Rhodes Lane Avon, IN 3
- 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2005
![property image]()
LEASED 09/05/19- Rent
- Rent Per SQFT
- $1,465
- $0.91
-
560 Shining Star Lane Avon, IN 4
- 3 beds 3 baths ∙ 1,728 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,728 Sqft ∙ Built 2007
![property image]()
LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,495
- $0.87
-
509 Yorktown Lane Avon, IN 5
- 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1999
![property image]()
LEASED 11/05/20- Rent
- Rent Per SQFT
- $1,500
- $0.94
PROPERTY LISTING DETAILS
Innovative Home Realty
MLS #: 21767881
Last Updated: 02/25/2021
