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11392 Wilderness Trail Fishers, IN 46038

3 Beds 2 Baths 1,500 sqft Built 1994

$235,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $156.67
  • 3 Days on Market
  • MLS # : 21754385
  • Updated Date : 11/21/2020 at 08:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,500 sqft
  • Baths : 2 full
Listing Agent

F.c. Tucker Company

Listing Agent's Description

You have found Your Next Home here in this Impeccable 3 Bed 2 Bath Ranch. Out Back among the Landscaped Yard, you can Unwind form your Deck overlooking a Quiet Pond and view of the Sunset. On colder days you can enjoy your view from the Four Seasons Sunroom. Entering the home the Vaulted Great Room invites you into it's Open Concept. The Remodeled Kitchen boasting Luxurious Stainless Steel Appliances, Granite Tops, New Cabinets, Tiles Backsplash and Pantry. A Captivating Pond View is also enjoyed form the Dining Area. The Giant Master Bed is an Oasis with a Vaulted Ceiling, Walk-In Closet, Owners Bath with Oversized Shower Stall and Separate Garden Tub. Upgraded Solid Surface Flooring has been laid throughout. This Gem wont last long!!!

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: Wildwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k269k

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

Neighborhood: Wildwood Estates

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
New Britton Elementary School Primary Regular 621 31 9
Riverside Intermediate School Middle Regular 984 53 8
Fishers High School High Regular 2,964 134 9

New Britton Elementary School

  • Education Level: Primary
  • # of students: 621
  • # of teachers: 31
9
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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$867
Property Tax -$353
Property Insurance -$56
HOA -$20
Property Management Fees -$139
CASH FLOW
$105

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.

$235,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.8%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$14,965

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,455

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,5004$1,5405$1,550
$1,550
RENT COMPS ANALYSIS
  • 11392 Wilderness Trail Fishers, IN 4
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.03
    •  
  • 6546 Quail Run Fishers, IN 1
    • 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 2
    • 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
    •  
  • 6800 Cherry Laurel Lane Fishers, IN 3
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1990
    LEASED 06/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 6863 Cherry Laurel Lane Fishers, IN 5
    • 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
Gavin R. Frost
F.c. Tucker Company
BESbswy