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13009 Ross Crossing Fishers, IN 46038

4 Beds 3 Baths 2,172 sqft Built 1997

INVESTimate

$263,900

List Price

$1,650

$1,485 - $1,815

Rent Est.

$276,673  ( +4.84%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $121.50
  • 7 Days on Market
  • MLS # : 21732686
  • Updated Date : 08/24/2020 at 14:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,172 sqft
  • Baths : 2 full , 1 half
Listing Agent

F.c. Tucker Company

Listing Agent's Description

4 Bedroom Fishers Home in established Pleasant View Neighborhood, over 2,100 Sq. Ft. 4 BR, 2.5 Bath, Dining Room, Great Room w/gas fireplace, built in shelves. Open Kitchen w/ Island and Breakfast Room. Electric Range, New Microwave & Dishwasher. Large Master Bedroom, w/sitting room, Large Bath with dual sinks, garden tub, shower and separate toilet. Walk in master closet. Upstairs Laundry Room w/window. Fenced in backyard with two gates. Big brick patio in park like backyard, Large Barn shed for extra storage. New Furnace 2020 with transferrable warranty. Carbon Monoxide/Smoke Detectors 2020, Water Softener 2018. Roof & Gutters 2013. 2 car clean garage w/ shelves & built in workbench. Wood 2" Blinds in all windows. Move in ready!

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pleasant View

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k295k

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

Neighborhood: Pleasant View

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2110012001300140015001600170018001900Rent in $10401990

* 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
Sand Creek Intermediate School Primary Regular 1,144 53 8
Fishers Junior High School Middle Regular 1,072 56 8
Fishers High School High Regular 2,964 134 9

Sand Creek Intermediate School

  • Education Level: Primary
  • # of students: 1,144
  • # of teachers: 53
8
GreatSchools Rating

Fishers Junior High School

  • Education Level: Middle
  • # of students: 1,072
  • # of teachers: 56
8
GreatSchools Rating

Fishers High School

  • Education Level: High
  • # of students: 2,964
  • # of teachers: 134
9
GreatSchools Rating
 

$237,510$290,290$263,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$974
Property Tax -$396
Property Insurance -$69
HOA -$44
Property Management Fees -$149
CASH FLOW
$19

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.

$263,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.84%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,684

INVESTMENT

$75,684

Down Payment
$65,975
Rehab Estimate
$5,750
Closing Costs
$3,959

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,975
Loan Amount $197,925
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,497

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,700

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,535
1$1,5352$1,6503$1,6504$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 13009 Ross Crossing Fishers, 3
    • 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.76
    •  
  • 10558 Ross Crossing Fishers, 1
    • 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 2000
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.75
    •  
  • 13041 Rawlings Court Fishers, 2
    • 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1999
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.82
    •  
  • 13482 Sweet Briar Parkway Fishers, 4
    • 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 2002
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.73
    •  
  • 13089 Lamarque Place Fishers, 5
    • 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 2000
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
PROPERTY LISTING DETAILS
Andrea Casper
F.c. Tucker Company
BESbswy