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11305 Hartford Lane Fishers, IN 46038

4 Beds 2 Baths 1,660 sqft Built 1978

INVESTimate

$210,000

List Price

$1,400

$1,260 - $1,540

Rent Est.

$222,537  ( +5.97%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $126.51
  • 7 Days on Market
  • MLS # : 21734081
  • Updated Date : 08/24/2020 at 14:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,660 sqft
  • Baths : 2 full
Listing Agent

Homexpert, Ray Stuck & Co.

Listing Agent's Description

Location! Can't beat it, just down the road from downtown Fishers and the new Yard complex right of I69. This charming bi level has been recently renovated with a new kitchen and a brand new master suite with a huge walk in closet. Laundry room just steps away. Backyard feels like a wooded oasis, a perfect place to entertain your guests. Check it out today!

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Orchards at Sunblest

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k269k

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

Neighborhood: The Orchards at Sunblest

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2110012001300140015001600170018001900Rent in $10401990

* 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
Riverside Intermediate School Primary Regular 984 53 8
Riverside Intermediate School Middle Regular 984 53 8
Fishers High School High Regular 2,964 134 9

Riverside Intermediate School

  • Education Level: Primary
  • # of students: 984
  • # of teachers: 53
8
GreatSchools Rating

Riverside Intermediate School

  • Education Level: Middle
  • # of students: 984
  • # of teachers: 53
8
GreatSchools Rating

Fishers High School

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

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

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

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$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$775
Property Tax -$315
Property Insurance -$59
Property Management Fees -$126
CASH FLOW
$125

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

$1,400

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.97%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

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 45% down payment or higher enables the proceeds from the asset to cover all costs.

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$16,205

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,415

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3503$1,4004$1,4505$1,595
$1,595
RENT COMPS ANALYSIS
  • 11305 Hartford Lane Fishers, 3
    • 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.84
    •  
  • 11708 Cameron Drive Fishers, 1
    • 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 1982
    property image
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
  • 7717 Cambridge Drive Fishers, 2
    • 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1978
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.85
    •  
  • 7620 Madden Lane Fishers, 4
    • 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1988
    property image
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 7822 Ashton Place Fishers, 5
    • 4 beds 3 baths ∙ 1,680 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,680 Sqft ∙ Built 1987
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.95
    •  
PROPERTY LISTING DETAILS
Payton Mills
Homexpert, Ray Stuck & Co.
BESbswy