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10290 Stillwell Drive Avon, IN 46123

3 Beds 2 Baths 1,272 sqft Built 1997

$180,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

$53,450

Investment Est.

PROPERTY INFO

SINGLE-FAMILY
February 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $141.51
  • 2 Days on Market
  • MLS # : 21768682
  • Updated Date : 02/27/2021 at 17:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,272 sqft
  • Baths : 2 full
Listing Agent

Re/max Centerstone

Listing Agent's Description

3BR, 2BA Ranch on a corner lot! Cathedral ceiling with an open floor plan. Eat-in-Kitchen. Large living room with dining area. Fenced in backyard and great view of the pond. Wood burning fireplace. Split bedroom. Roof recently replaced. Just needs some updating to the flooring/paint inside out! Immediate possession!

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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
 

FINANCIALS

Learn how to read this

$162,000$198,000$180,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$625
Property Tax -$298
Property Insurance -$52
HOA -$18
Property Management Fees -$114
CASH FLOW
$162

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.

$180,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.71%

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$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$53,450

INVESTMENT

$53,450

Down Payment		 $45,000
Rehab Estimate		 $5,750
Closing Costs		 $2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$15,433

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

  • $1

    LIST RENT PER SQFT

  • $1,158

    COMP ESTIMATED VALUE

  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2703$1,3454$1,4655$1,495
$1,495
RENT COMPS ANALYSIS
  • 10290 Stillwell Drive Avon, IN 2
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $1.00
    •  
  • 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
    •  
  • 1114 Newgate Circle Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2001
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.91
    •  
  • 9778 Rhodes Lane Avon, IN 4
    • 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
    •  
  • 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 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.93
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Michael P. Price
1.317.839.4330
Re/max Centerstone
BUYER AGENT
1.866.250.5610
SOURCE
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768682
Last Updated: 02/27/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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