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12374 Ensley Drive Fishers, IN 46038

3 Beds 3 Baths 1,752 sqft Built 1988

$265,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $151.26
  • 4 Days on Market
  • MLS # : 21759859
  • Updated Date : 01/15/2021 at 08:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,752 sqft
  • Baths : 2 full , 1 half
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Charming 2 sty home in popular Sunblest*Featuring 3BR/2.5 updated baths* Wood shiplap foyer w/custom bench looking into LR w/flr to clg wood burning frpl*Formal DR*Kit w/white cabs, brushed nickel hardware, 2 pantries, tile flr, SS appl incl.*Kit/brkfst/FR look out onto a .37ac fully fenced bkyd w/a multi-level deck, playset & firepit w/seating*MBR w/2 clsts, one is walk-in*Mstr BA w/tiled flrs & walls, jetted garden tub w/custom tile & niches, custom w/i shower w/tiled flr, walls & clg, double vanities*Updates: Pella vinyl windows, furnace (’19), A/C (’16), water htr (’16), SS appls (’18) frplc painted (’18), exterior paint (’20), deck stained (’20)* .8 mile walk to Roy G. Holland Park, close to Nickel Plate district & trail & YMCA.

SEE MORE

  • 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)
  • 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)

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
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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$920
Property Tax -$398
Property Insurance -$61
Property Management Fees -$143
CASH FLOW
$68

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.

$265,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.0%
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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$10,606

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,489

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,445
1$1,4452$1,4993$1,5504$1,5905$1,625
$1,625
RENT COMPS ANALYSIS
  • 12374 Ensley Drive Fishers, IN 4
    • 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.91
    •  
  • 524 Concord Court Fishers, IN 1
    • 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
    •  
  • 105 Willowood Lane Fishers, IN 2
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1976
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.84
    •  
  • 7901 Turkel Drive Fishers, IN 3
    • 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 1991
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
  • 7265 Pymbroke Circle Fishers, IN 5
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1992
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.93
    •  
PROPERTY LISTING DETAILS
Keri Schuster
F.c. Tucker Company
BESbswy