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1208 Ridgeview Court Avon, IN 46123

4 Beds 3 Baths 2,180 sqft Built 1991

$274,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $126.10
  • 3 Days on Market
  • MLS # : 21763738
  • Updated Date : 01/29/2021 at 17:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,180 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Home

Listing Agent's Description

Nestled among mature trees & lush landscaping full of perennials, this home boasts an amazing & peaceful, private setting. Plenty of natural light streams through the windows showcasing a spacious floorpan that includes 4 large bedrooms & updated bathrooms. The interior features a living room with built in shelving, kitchen with ample cabinet & counter space, formal dining room & office both with glass doors leading to backyard deck. Add'l updates include an expanded laundry room & interior lighting. Outside enjoy the wood deck & cozy fire pit that overlook a beautiful yard backing up to land that will not be built on since its owned by the West Central Conservancy. Relax and take in all the nature passing through from your own quiet oasis!

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

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
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$955
Property Tax -$456
Property Insurance -$69
HOA -$22
Property Management Fees -$158
CASH FLOW
$91

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.

$274,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.64%

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$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$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,444

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,526

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4353$1,5954$1,750
$1,750
RENT COMPS ANALYSIS
  • 1208 Ridgeview Court Avon, IN 4
    • 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 6887 Merritt Ridge Way Avon, IN 1
    • 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 2002
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.69
    •  
  • 7228 Village Oaks Drive Avon, IN 2
    • 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2002
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.73
    •  
  • 6865 Maywood Circle Avon, IN 3
    • 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 2001
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.68
    •  
PROPERTY LISTING DETAILS
Aaron Brattain
1.317.595.2100
Berkshire Hathaway Home
BESbswy