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10501 Sand Creek Boulevard Fishers, IN 46037

3 Beds 3 Baths 2,229 sqft Built 2001

$269,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $120.68
  • 4 Days on Market
  • MLS # : 21761501
  • Updated Date : 02/04/2021 at 15:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,229 sqft
  • Baths : 2 full , 1 half
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Amazing home in Sand Creek Woods close to Downtown Fishers and the New District * Great room features cozy fire place, crown molding, laminate floors * Large Sunny Open kitchen w/all appliances incl, walk in pantry, plenty of cabinets & counter space opens to dining area & Family rm w/lots of windows overlooking huge backyard w/privacy fence * Home features 9 ft ceilings * Upstairs boasts huge master suite w/french doors, seating area to relax, vaulted ceiling with 2 walk in closets, large bath w/double sinks * Spacious loft perfect for playroom, office you decide * 2 add good size bedrms & convenient upstairs laundry washer, dryer incl * You will love entertaining on the HUGE custom paver patio & firepit * Easy access to I69 * HSE Schools

SEE MORE

  • Indianapolis metro has 65.5% labor force participation rate higher than the national rate 62.8%. The participation is expected to grow to 66.2% in 2020 (USMayors.org, 2018)
  • Indianapolis metro contributes to 39.8% of Indiana state economy i.e. Gross State Product (USMayors.org, 2018)
  • Indianapolis metro employment growth is at 1.6% and predicted to grow at 1.8% in 2019 (USMayors.org, 2018)
  • Indiana state (in turn Indianapolis being part of Indiana) ranks 10th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019)
  • Indianapolis metro's economy is worth $149.7 billion in Gross Metro Product and projected to grow to $158.1 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Sand Creek Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k269k

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

Neighborhood: Sand Creek Woods

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2110012001300140015001600170018001900Rent in $10401990

* 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
Fishers Elementary School Primary Regular 467 24 7
Riverside Junior High Middle Regular 959 61 8
Hamilton Southeastern High School High Regular 3,017 135 9

Fishers Elementary School

  • Education Level: Primary
  • # of students: 467
  • # of teachers: 24
7
GreatSchools Rating

Riverside Junior High

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 61
8
GreatSchools Rating

Hamilton Southeastern High School

  • Education Level: High
  • # of students: 3,017
  • # of teachers: 135
9
GreatSchools Rating
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$934
Property Tax -$404
Property Insurance -$70
HOA -$29
Property Management Fees -$148
CASH FLOW
$55

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.

$269,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 0.7%
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-$2.0k$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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,225

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,640

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,750

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,635
1$1,6352$1,6403$1,6504$1,6955$1,795
$1,795
RENT COMPS ANALYSIS
  • 10501 Sand Creek Boulevard Fishers, IN 2
    • 3 beds 3 baths ∙ 2,229 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,229 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.74
    •  
  • 10514 Blue Springs Lane Fishers, IN 1
    • 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 2001
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.78
    •  
  • 12180 Sweet Creek Trail Fishers, IN 3
    • 3 beds 3 baths ∙ 2,072 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,072 Sqft ∙ Built 2001
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 12351 Blue Sky Drive Fishers, IN 4
    • 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 1999
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
  • 10487 Blue Sky Drive Fishers, IN 5
    • 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2000
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.78
    •  
PROPERTY LISTING DETAILS
Renee Peek
1.317.778.0450
F.c. Tucker Company
BESbswy