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10673 Hoosier Court Indianapolis, IN 46234

3 Beds 2 Baths 1,534 sqft Built 1999

$210,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $136.90
  • 3 Days on Market
  • MLS # : 21765628
  • Updated Date : 02/12/2021 at 09:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,534 sqft
  • Baths : 2 full
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Beautiful 3 Bedroom 2 Bath Open Concept Home on Cul-de Sac w/Fenced Backyard. Welcoming Front Porch leads to Huge Great Rm w/Cathedral Ceilings, open to Kitchen & Remote Controlled Ceiling Fan. Fresh Paint Throughout Interior. Large Eat-in Kitchen w/Walk-in Pantry/Laundry, Stainless Steel Appliances, Lots of Light and Door To Fully Fenced Backyard just waiting for Friends & Family. Fantastic Master Suite with high Ceilings, Walk-in closet, Ceiling Fan & Full Bath. 2 More large Bedrooms and Full Hall Bath w/New flooring. Two Car attached Garage. Huge fenced Backyard with pea gravel area to put a Firepit and Shed with Electricity & Lights. Water Softener. Avon Community Schools. Fresh Mulch 2021

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 46234

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $104k221k

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

Zip Code: 46234

ZipNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250130013501400145015001550Rent in $9211551

* 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
Sycamore Elementary School Primary Regular 420 19 8
Avon Middle School North Middle Regular 707 34 6
Avon High School High Regular 2,766 118 9

Sycamore Elementary School

  • Education Level: Primary
  • # of students: 420
  • # of teachers: 19
8
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
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$729
Property Tax -$347
Property Insurance -$57
HOA -$33
Property Management Fees -$122
CASH FLOW
$62

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.

$210,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.1%
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

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$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$7,667

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,358

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,3503$1,4654$1,5005$1,525
$1,525
RENT COMPS ANALYSIS
  • 10673 Hoosier Court Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.88
    •  
  • 1492 Brigade Circle Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2003
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.79
    •  
  • 9778 Rhodes Lane Avon, IN 3
    • 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 4
    • 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1999
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
  • 10567 Secretariat Drive Indianapolis, IN 5
    • 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2000
    property image
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.90
    •  
PROPERTY LISTING DETAILS
Philip B. Onderdonk
F.c. Tucker Company
BESbswy