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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $152.85
- 3 Days on Market
- MLS # : 21757705
- Updated Date : 12/19/2020 at 14:59
CONSTRUCTION
- Beds : 3
- Floor Size : 1,701 sqft
- Baths : 2 full , 1 half
Listing Agent
Berkshire Hathaway Home
Listing Agent's Description
Welcome Home! Completely gutted and remodeled master bath, this 3 Bedroom/2.5 Bath West Fishers gem is ready for new owners. Front flex rm & Dining Rm are flooded w/natural light. The Kitchen leading into the family room is the heart of the home. Updated cabinets, granite, tile backsplash & center island make the kitchen dreamy. Plus the added coffee/wine space is the perfect custom update. Wood burning fireplace with brick hearth is flanked by bookshelves! Upstairs the Master has vaulted ceilings & walk in closet. Spa style Master Bath has Freestanding claw-style tub & gorgeous tile shower! 2 addt bedrooms upstairs plus rehabbed Hall BA. Large Fenced yard w/no neighbors behind.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Gatewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gatewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$390 | |
| Property Insurance | -$60 | |
| HOA | -$17 | |
| Property Management Fees | -$145 | |
|
CASH FLOW
$39
|
||
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.
$260,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.87% |
| Appreciation Year (1-5) | 5.6% |
| 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
$74,650
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
3.58
YEARS SAVED
$10,375
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,603
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
10853 Gate Circle Fishers, IN 5
- 3 beds 3 baths ∙ 1,701 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,701 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $1,610
- $0.95
-
7717 Cambridge Drive Fishers, IN 1
- 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1978
LEASED 12/23/19- Rent
- Rent Per SQFT
- $1,350
- $0.85
-
6546 Quail Run Fishers, IN 2
- 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1997
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,395
- $1.00
-
11508 Cherry Blossom Drive E Fishers, IN 3
- 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1988
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,450
- $0.92
-
6863 Cherry Laurel Lane Fishers, IN 4
- 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1989
LEASED 09/28/20- Rent
- Rent Per SQFT
- $1,550
- $1.00
PROPERTY LISTING DETAILS
1.317.564.7111
Berkshire Hathaway Home
