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10520 Sand Creek Boulevard Fishers, IN 46037

3 Beds 2 Baths 1,604 sqft Built 2001

$227,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $141.52
  • 2 Days on Market
  • MLS # : 21769468
  • Updated Date : 03/06/2021 at 10:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,604 sqft
  • Baths : 2 full
Listing Agent

Trueblood Real Estate

Listing Agent's Description

Spacious ranch in a great location. Easy access to I-69 for a short commute to downtown Indy. Minutes from downtown Fishers with several dining and entertainment options. 3 Bedrooms and 2 full Bathrooms. Master Suite has a separate shower and garden bathtub. Large Great Room with cathedral ceiling and cozy fireplace. Dining area open to Dining Room, perfect for entertaining.

SEE MORE

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
 

$204,300$249,700$227,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$788
Property Tax -$341
Property Insurance -$58
HOA -$29
Property Management Fees -$133
CASH FLOW
$130

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.

$227,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.65%

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$12k

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$65,905

INVESTMENT

$65,905

Down Payment
$56,750
Rehab Estimate
$5,750
Closing Costs
$3,405

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$788

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,750
Loan Amount $170,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$13,844

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,592

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4803$1,5004$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 10520 Sand Creek Boulevard Fishers, IN 2
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.92
    •  
  • 12146 Roundtree Road Fishers, IN 1
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 2001
    LEASED 03/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.92
    •  
  • 9865 Glenburr Court Fishers, IN 3
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1998
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.03
    •  
  • 11080 Long Lake Lane Fishers, IN 4
    • 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2006
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 11817 Shady Meadow Place Fishers, IN 5
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2001
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jamie Boer
1.317.289.9169
Trueblood Real Estate
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21769468
Last Updated: 03/06/2021
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