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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Orchards at Sunblest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,975
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
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
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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
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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
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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
F.c. Tucker Company
