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11275 Fountainview Lane Fishers, IN 46038

4 Beds 2 Baths 1,623 sqft Built 1995

$220,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $135.55
  • 3 Days on Market
  • MLS # : 21765040
  • Updated Date : 02/20/2021 at 08:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,623 sqft
  • Baths : 2 full
Listing Agent

Century 21 Scheetz

Listing Agent's Description

Walking distance to everything Nickel Plate: Amphitheater, Trails, fabulous Restaurants, Shopping, Entertainment and yes even Target! Adorable 4 BD, 2BA home features open floor plan, large Kitchen, SS Appliances, Master Suite w/vaulted ceilings & large Master Bath w/double sinks & walk-in closet. 4th Bedroom is perfect for a home office. Charming front porch to enjoy morning coffee in warmer months & a great deck overlooking the water for relaxing evenings or backyard barbecues. New in 2020: Laminate Hardwood, Carpet, Kitchen sink & Refrigerator. Kitchen Buffet, Saltless Water Softener & Washer/Dryer Stay!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Heritage Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k269k

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

Neighborhood: Heritage Meadows

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2110012001300140015001600170018001900Rent in $10151990

* 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
Fishers High School High Regular 2,964 134 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

Fishers High School

  • Education Level: High
  • # of students: 2,964
  • # of teachers: 134
9
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$764
Property Tax -$337
Property Insurance -$58
HOA -$28
Property Management Fees -$128
CASH FLOW
$104

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.

$220,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.5%
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

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$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$11,451

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,449

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4203$1,4504$1,4505$1,625
$1,625
RENT COMPS ANALYSIS
  • 11275 Fountainview Lane Fishers, IN 2
    • 4 beds 2 baths ∙ 1,623 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,623 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.87
    •  
  • 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
    •  
  • 11250 Harrington Lane Fishers, IN 3
    • 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 1998
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 11220 Harrington Lane Fishers, IN 4
    • 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1996
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 7265 Pymbroke Circle Fishers, IN 5
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1992
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.93
    •  
PROPERTY LISTING DETAILS
Christine A. Dossman
Century 21 Scheetz
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21765040
Last Updated: 02/20/2021
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