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PROPERTY INFO
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.
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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 | $1,480 |
| 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
| 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
$65,905
LOAN DETAILS
$788
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $56,750 |
| Loan Amount | $170,250 |
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
-
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
1.317.289.9169
Trueblood Real Estate
MLS #: 21769468
Last Updated: 03/06/2021
