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13170 All American Road Fishers, IN 46037

3 Beds 3 Baths 2,658 sqft Built 2003

$225,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $84.65
  • 6 Days on Market
  • MLS # : 21749605
  • Updated Date : 10/30/2020 at 16:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,658 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Scheetz

Listing Agent's Description

Charming and beautifully maintained home on quiet pond. This one has it all! Open floor plan, spacious rooms + large loft. Formal living rm/flex room.Open family room w/stone fireplace.Large kitchen w/stainless appliances,walk in pantry and tons of counter space. Enjoy lake setting in fenced backyard & deck. Extra lrg loft w/ceiling fan and closet.Super size master w/sitting area,ceiling fan,large bathroom and walk in closet. New roof! Nice large yard with fence and pond view. Walk to restaurants and minutes from Hamilton Town Center.

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: Brooks Chase

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k269k

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

Neighborhood: Brooks Chase

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
Brooks School Elementary School Primary Regular 969 43 8
Fall Creek Intermediate School Middle Regular 1,219 56 7
Hamilton Southeastern High School High Regular 3,017 135 9

Brooks School Elementary School

  • Education Level: Primary
  • # of students: 969
  • # of teachers: 43
8
GreatSchools Rating

Fall Creek Intermediate School

  • Education Level: Middle
  • # of students: 1,219
  • # of teachers: 56
7
GreatSchools Rating

Hamilton Southeastern High School

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

$202,500$247,500$225,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$830
Property Tax -$338
Property Insurance -$78
HOA -$23
Property Management Fees -$140
CASH FLOW
$141

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.

$225,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$17,385

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $1,721

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5503$1,6954$1,7355$1,775
$1,775
RENT COMPS ANALYSIS
  • 13170 All American Road Fishers, IN 2
    • 3 beds 3 baths ∙ 2,658 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,658 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.58
    •  
  • 12916 Courage Crossing Fishers, IN 1
    • 3 beds 3 baths ∙ 2,340 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,340 Sqft ∙ Built 2003
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.62
    •  
  • 12381 East 131st Street Fishers, IN 3
    • 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
    •  
  • 13255 Patriotic Way Fishers, IN 4
    • 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 2003
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.62
    •  
  • 12970 Bartlett Drive Fishers, IN 5
    • 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
    •  
PROPERTY LISTING DETAILS
Jacqueline B. Graham
Century 21 Scheetz
BESbswy