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11930 Sloane Muse Fishers, IN 46037

4 Beds 3 Baths 2,598 sqft Built 2001

INVESTimate

$264,000

List Price

$1,660

$1,494 - $1,826

Rent Est.

$282,691  ( +7.08%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $101.62
  • 17 Days on Market
  • MLS # : 21730987
  • Updated Date : 08/20/2020 at 15:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,598 sqft
  • Baths : 2 full , 1 half
Listing Agent

William Zander

Listing Agent's Description

Open floor plan between kitchen and family room. Spacious master suite, large walk-in closets and master bath with garden tub. New roof and siding in last 5 years. Includes all appliances, partially finished basement and fenced yard. Highly sought after neighborhood with nature area and walking trails. Close to Hamilton Town Center, restaurants, groceries, shopping, parks, hospitals, Geist Marina and I-69. Award winning HSE schools. See why Fishers was ranked 1st place to live in the US by Money magazine in 2017.

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Geist Overlook

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k287k

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

Neighborhood: Geist Overlook

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q21100120013001400150016001700180019002000Rent in $10402080

* 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
Fall Creek Elementary School Primary Regular 747 34 9
Fall Creek Intermediate School Middle Regular 1,219 56 7
Hamilton Southeastern High School High Regular 3,017 135 9

Fall Creek Elementary School

  • Education Level: Primary
  • # of students: 747
  • # of teachers: 34
9
GreatSchools Rating

Fall Creek Intermediate School

  • Education Level: Middle
  • # of students: 1,219
  • # of teachers: 56
7
GreatSchools Rating

Hamilton Southeastern High School

  • Education Level: High
  • # of students: 3,017
  • # of teachers: 135
9
GreatSchools Rating
 

$237,600$290,400$264,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

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-$4.0k-$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$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$974
Property Tax -$396
Property Insurance -$77
HOA -$33
Property Management Fees -$149
CASH FLOW
$31

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.

$264,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 7.08%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,710

INVESTMENT

$75,710

Down Payment
$66,000
Rehab Estimate
$5,750
Closing Costs
$3,960

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,000
Loan Amount $198,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$9,398

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,832

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$1,7003$1,7854$1,8005$2,000
$2,000
RENT COMPS ANALYSIS
  • 11930 Sloane Muse Fishers, 1
    • 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.64
    •  
  • 14075 Princewood Drive Fishers, 2
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 1999
    property image
    LEASED 04/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
  • 12045 Princewood Drive Fishers, 3
    • 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 2001
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.68
    •  
  • 14314 Leland Muse Fishers, 4
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2002
    property image
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
  • 11749 Gatwick View Drive Fishers, 5
    • 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 2000
    property image
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.69
    •  
PROPERTY LISTING DETAILS
William J. Zander
William Zander
BESbswy