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10852 Riva Ridge Court Indianapolis, IN 46234

4 Beds 3 Baths 1,824 sqft Built 2000

$209,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $115.08
  • 2 Days on Market
  • MLS # : 21768681
  • Updated Date : 02/27/2021 at 19:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,824 sqft
  • Baths : 2 full , 1 half
Listing Agent

Availed Realty & Property Mana

Listing Agent's Description

Don't miss out on this spacious 4 bedroom 2.5 half home. This property offers a beautiful master suite, a large updated back patio, fenced in yard, walk-in closets, fresh paint, large shed. 2 car attached garage, large bedrooms, new black stainless steel appliances, a newer A/C unit and the roof is less than 10 years old. This property is move in ready and conveniently located in the desirable Avon School District.

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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
River Birch Elementary School Primary Regular 747 33 7
Avon Middle School North Middle Regular 707 34 6
Avon High School High Regular 2,766 118 9

River Birch Elementary School

  • Education Level: Primary
  • # of students: 747
  • # of teachers: 33
7
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
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$729
Property Tax -$354
Property Insurance -$62
HOA -$40
Property Management Fees -$132
CASH FLOW
$152

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.

$209,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.70%

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$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$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% 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 $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$14,299

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,427

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,4703$1,4954$1,5655$1,600
$1,600
RENT COMPS ANALYSIS
  • 10852 Riva Ridge Court Indianapolis, IN 2
    • 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.81
    •  
  • 8555 Brookhill Court Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1994
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.71
    •  
  • 10875 Cannonade Court Indianapolis, IN 3
    • 4 beds 3 baths ∙ 2,104 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,104 Sqft ∙ Built 1999
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.71
    •  
  • 10456 Secretariat Drive Indianapolis, IN 4
    • 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2004
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.80
    •  
  • 10467 Secretariat Drive Indianapolis, IN 5
    • 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 2003
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
PROPERTY LISTING DETAILS
Madison Simpson
Availed Realty & Property Mana
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768681
Last Updated: 02/27/2021
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