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10135 Stillwell Drive Avon, IN 46123

3 Beds 2 Baths 1,420 sqft Built 1999

$200,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 46123

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220kPrice in $119k221k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 46123

ZipNIR Market*CityMarket2010Year2000 Q32019 Q210501100115012001250130013501400145015001550Rent in $10401587

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Maple Elementary School Primary Regular 259 14 10
Avon Middle School North Middle Regular 707 34 6
Avon High School High Regular 2,766 118 9

Maple Elementary School

  • Education Level: Primary
  • # of students: 259
  • # of teachers: 14
10
GreatSchools Rating

Avon Middle School North

  • Education Level: Middle
  • # of students: 707
  • # of teachers: 34
6
GreatSchools Rating

Avon High School

  • Education Level: High
  • # of students: 2,766
  • # of teachers: 118
9
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

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
$1,100
1$1,1002$1,2703$1,4654$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 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
Paul E. Miller Jr.
Innovative Home Realty
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21767881
Last Updated: 02/25/2021
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