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1128 Brookside Court Avon, IN 46123

3 Beds 2 Baths 1,520 sqft Built 2005

$239,998

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $157.89
  • 24 Days on Market
  • MLS # : 21764766
  • Updated Date : 02/27/2021 at 22:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,520 sqft
  • Baths : 2 full
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Beautiful all brick custom built home located in established neighborhood close to everything.freshly painted with 3 bedrooms and 2 bath has many features including open floor plan, fire place , cathedral ceiling along and storage house in backyard.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 46123

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220kPrice in $119k221k

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

Zip Code: 46123

ZipNIR Market*CityMarket2010Year2000 Q32019 Q210501100115012001250130013501400145015001550Rent in $10401587

* 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
Hickory Elementary School Primary Regular 519 24 8
Avon Middle School South Middle Regular 763 34 6
Avon High School High Regular 2,766 118 9

Hickory Elementary School

  • Education Level: Primary
  • # of students: 519
  • # of teachers: 24
8
GreatSchools Rating

Avon Middle School South

  • Education Level: Middle
  • # of students: 763
  • # of teachers: 34
6
GreatSchools Rating

Avon High School

  • Education Level: High
  • # of students: 2,766
  • # of teachers: 118
9
GreatSchools Rating
 

$215,998$263,998$239,998

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$834
Property Tax -$388
Property Insurance -$56
HOA -$15
Property Management Fees -$129
CASH FLOW
$8

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.

$239,998

PROJECTED PRICE

$1,430

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.5%
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

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$69,349

INVESTMENT

$69,349

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $179,999
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$5,464

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,319

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4303$1,4654$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 1128 Brookside Court Avon, IN 2
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.94
    •  
  • 8194 Oriole Point Drive Avon, IN 1
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2009
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.85
    •  
  • 8126 Oakley Lane Avon, IN 3
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2011
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.89
    •  
  • 8196 Sydney Lane Avon, IN 4
    • 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 2006
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
  • 7619 Gold Coin Drive Avon, IN 5
    • 3 beds 3 baths ∙ 1,815 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,815 Sqft ∙ Built 1994
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
PROPERTY LISTING DETAILS
Seema Saini
F.c. Tucker Company
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21764766
Last Updated: 02/27/2021
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