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12906 Ari Lane Fishers, IN 46037

4 Beds 3 Baths 2,640 sqft Built 2006

$320,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $121.21
  • 3 Days on Market
  • MLS # : 21770616
  • Updated Date : 03/13/2021 at 10:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,640 sqft
  • Baths : 2 full , 1 half
Listing Agent

Absolute Real Estate Services

Listing Agent's Description

Is this house your next HOME? This 4 bedroom, 2.5 bath home is located in the wonderful Avalon of Fishers neighborhood. This move-in ready home has just what you are looking for starting w/ a BRAND NEW ROOF installed just this week. The main level features a bonus room/office space, great room w/ fireplace that flows into dining & kitchen w/ ss appliances, beautiful 42" cabinets, granite countertops & center island w/ seating. Upper level features 4 bedrooms including a wonderful owner's suite w/ huge walk-in closet, double sinks, garden tub & separate shower. Pre-plumbed basement offers 800+ sq ft awaiting your finishing touches. All Appliances, even the Washer & Dryer included! Back lawn is fully fenced w/ custom stamped patio.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Avalon of Fishers

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k297k

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

Neighborhood: Avalon of Fishers

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q21100120013001400150016001700180019002000210022002300Rent in $10402353

* 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
Thorpe Creek Elementary School Primary Regular 893 39 6
Hamilton Southeastern High School High Regular 3,017 135 9
Thorpe Creek Elementary School Primary Unknown NA

Thorpe Creek Elementary School

  • Education Level: Primary
  • # of students: 893
  • # of teachers: 39
6
GreatSchools Rating

Hamilton Southeastern High School

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

Thorpe Creek Elementary School

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

$288,000$352,000$320,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,111
Property Tax -$480
Property Insurance -$78
HOA -$50
Property Management Fees -$172
CASH FLOW
$18

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.

$320,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.0%
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$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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$8,013

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,039

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,8903$1,9104$2,1805$2,300
$2,300
RENT COMPS ANALYSIS
  • 12906 Ari Lane Fishers, IN 3
    • 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.72
    •  
  • 12970 Bartlett Drive Fishers, IN 1
    • 3 beds 3 baths ∙ 2,496 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,496 Sqft ∙ Built 2009
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.71
    •  
  • 12459 Wolverton Way Fishers, IN 2
    • 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2012
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.73
    •  
  • 14404 Glapthorn Road Fishers, IN 4
    • 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2014
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.86
    •  
  • 15365 Eastpark Circle W Fishers, IN 5
    • 4 beds 3 baths ∙ 2,899 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,899 Sqft ∙ Built 2017
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
PROPERTY LISTING DETAILS
Benjamin Fuller
Absolute Real Estate Services
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21770616
Last Updated: 03/13/2021
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