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12770 Hearthstone Drive Fishers, IN 46037

4 Beds 3 Baths 2,874 sqft Built 1998

$324,900

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $113.05
  • 3 Days on Market
  • MLS # : 21768017
  • Updated Date : 02/27/2021 at 14:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,874 sqft
  • Baths : 2 full , 1 half
Listing Agent

Trueblood Real Estate

Listing Agent's Description

Fantastic 4 bed, 2.5 bath in popular Sandstone Ridge. Updated kitchen with granite countertops and stainless steel appliances. Main level laundry. Large master suite that overlooks large deck and fenced in backyard. Master bath has been re-done with granite countertops, designer tile and glass door shower. Amazing finished basement with bar and plenty of space for entertaining. HVAC system new in 2021. Roof 2-3 years old. All new carpet on stairs and 2nd level.

SEE MORE

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

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,129
Property Tax -$488
Property Insurance -$83
HOA -$23
Property Management Fees -$177
CASH FLOW
$71

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

$1,970

PROJECTED RENT

0.61%

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

2.83

YEARS SAVED

$7,811

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,940

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7853$1,9704$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 12770 Hearthstone Drive Fishers, IN 3
    • 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.69
    •  
  • 12381 East 131st Street Fishers, IN 1
    • 3 beds 3 baths ∙ 2,636 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,636 Sqft ∙ Built 2005
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.64
    •  
  • 12045 Princewood Drive Fishers, IN 2
    • 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 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Andrew Rucker
Trueblood Real Estate
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768017
Last Updated: 02/27/2021
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