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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sand Creek Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,035
LOAN DETAILS
$934
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,250 |
| Loan Amount | $201,750 |
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
-
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
1.317.778.0450
F.c. Tucker Company
