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12737 Buff Stone Court Fishers, IN 46037

4 Beds 3 Baths 2,928 sqft Built 2001

$324,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
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

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k383k

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

Neighborhood: Sandstone Ridge

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q21200140016001800200022002400Rent in $10402565

* 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
Hamilton Southeastern High School High Regular 3,017 135 9
Fall Creek Elementary School Primary Unknown NA

Fall Creek Elementary School

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

Hamilton Southeastern High School

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

Fall Creek Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

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
$1,785
1$1,7852$2,0003$2,0004$2,0005$2,095
$2,095
RENT COMPS ANALYSIS
  • 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
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.68
    •  
  • 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
Kortney Seitz
Keller Williams Indy Metro Ne
BESbswy