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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $110.96
- 3 Days on Market
- MLS # : 21765737
- Updated Date : 02/12/2021 at 09:57
CONSTRUCTION
- Beds : 4
- Floor Size : 2,928 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Indy Metro Ne
Listing Agent's Description
One of the biggest homes in a prime location of Sandstone Ridge! You'll love the hand scrapped hardwood floors in entry and kitchen area and then flows to a nice size living room. Office on main level with French doors is a great option or can be kids playroom. Upstairs offers 3 good size spare bedrooms and a large extra bonus space for second living room or game room/home office or theater room. Fenced in back yard over looks pond and is a prime space to play. Also, don't miss the in ground storm shelter on the left side of the driveway!
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: Sandstone Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sandstone Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$488 | |
| Property Insurance | -$84 | |
| HOA | -$23 | |
| Property Management Fees | -$180 | |
|
CASH FLOW
$97
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 19% of earned rent to cover both maintenance and periods of vacancy.
$324,900
PROJECTED PRICE
$2,000
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.91% |
| Appreciation Year (1-5) | 3.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 11.18% |
| 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
$91,849
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,225 |
| Loan Amount | $243,675 |
3.25
YEARS SAVED
$9,242
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,984
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
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12737 Buff Stone Court Fishers, IN 4
- 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 2001
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- Rent Per SQFT
- $2,000
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-
12045 Princewood Drive Fishers, IN 1
- 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 2001
LEASED 12/12/19- Rent
- Rent Per SQFT
- $1,785
- $0.68
-
11749 Gatwick View Drive Fishers, IN 2
- 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 2000
LEASED 12/14/19- Rent
- Rent Per SQFT
- $2,000
- $0.69
-
11622 Tamarisk Boulevard Fishers, IN 3
- 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2000
LEASED 04/29/20- Rent
- Rent Per SQFT
- $2,000
- $0.69
-
12531 Hawks Landing Fishers, IN 5
- 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 2009
LEASED 08/22/19- Rent
- Rent Per SQFT
- $2,095
- $0.65
PROPERTY LISTING DETAILS
Keller Williams Indy Metro Ne
