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11527 Charleston Pkwy Fishers, IN 46038

3 Beds 3 Baths 1,716 sqft Built 1988

$259,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $151.46
  • 2 Days on Market
  • MLS # : 21769900
  • Updated Date : 03/06/2021 at 17:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,716 sqft
  • Baths : 2 full , 1 half
Listing Agent

Armstrong Real Estate Brokerag

Listing Agent's Description

TERRIFIC OPPORTUNITY CLOSE TO DOWTOWN FISHERS UNDER $260,000! This 3 bedroom, 2.5 bathroom home offers an open layout on main level, high quality engineered hardwoods, eat-in kitchen with stainless steel appliances, wood burning fireplace, vaulted ceilings, and a terrific back yard setting. Newer windows and furnace. Neutral décor throughout. All of this in desired Charleston Crossing -- walking distance to Fishers Downtown Nickel Plate District! Enjoy all the dining and shops the district has to offer. Hurry, this home has been meticulously cared for and will not last at $259,900!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Charleston Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k269k

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

Neighborhood: Charleston Crossing

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
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
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$903
Property Tax -$390
Property Insurance -$60
HOA -$20
Property Management Fees -$138
CASH FLOW
$20

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.

$259,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$6,950

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,450

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4453$1,4504$1,4505$1,530
$1,530
RENT COMPS ANALYSIS
  • 11527 Charleston Pkwy Fishers, IN 5
    • 3 beds 3 baths ∙ 1,716 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,716 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.89
    •  
  • 11708 Cameron Drive Fishers, IN 1
    • 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 1982
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
  • 524 Concord Court Fishers, IN 2
    • 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1977
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.79
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Scott Armstrong
Armstrong Real Estate Brokerag
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21769900
Last Updated: 03/06/2021
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