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13191 Sweet Briar Pkwy Fishers, IN 46038

3 Beds 3 Baths 2,200 sqft Built 2001

$272,500

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $123.86
  • 4 Days on Market
  • MLS # : 21769705
  • Updated Date : 03/12/2021 at 10:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,200 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Home

Listing Agent's Description

Hard to find Fishers home under 275k! This open and inviting main level with FP and updated flooring in dining and living areas is ideal for entertaining. Upstairs features new carpet in 3 good sized bedrooms (all with large closets) & spacious loft. New flooring in upstairs bath, several updated lights and fixtures throughout & convenient upstairs laundry room. Big ticket items including roof, gutters, A/C, water heater & windows have been replaced within the last 4 years! Sellers have loved eating out on the stamped concrete patio & watching family play in the fenced back yard. Enjoy the neighborhood pool, playground & nature trails. Award winning HSE schools, proximity to I-69 and popular Fishers amenities make this a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sweet Briar North

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k269k

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

Neighborhood: Sweet Briar North

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
Cumberland Road Elementary School Primary Regular 583 28 6
Fishers Junior High School Middle Regular 1,072 56 8
Fishers High School High Regular 2,964 134 9

Cumberland Road Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 28
6
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
 

$245,250$299,750$272,500

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$947
Property Tax -$409
Property Insurance -$70
HOA -$38
Property Management Fees -$155
CASH FLOW
$103

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.

$272,500

PROJECTED PRICE

$1,720

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.3%
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

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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,963

INVESTMENT

$77,963

Down Payment
$68,125
Rehab Estimate
$5,750
Closing Costs
$4,088

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$947

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,125
Loan Amount $204,375
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$12,584

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,727

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,635
1$1,6352$1,6503$1,7204$1,7455$1,750
$1,750
RENT COMPS ANALYSIS
  • 13191 Sweet Briar Pkwy Fishers, IN 3
    • 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.78
    •  
  • 10514 Blue Springs Lane Fishers, IN 1
    • 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 2001
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.78
    •  
  • 13230 Eastwood Lane Fishers, IN 2
    • 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2003
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.72
    •  
  • 9922 Herald Square Fishers, IN 4
    • 3 beds 3 baths ∙ 2,153 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,153 Sqft ∙ Built 2003
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.81
    •  
  • 13089 Lamarque Place Fishers, IN 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
Christie Kuehl
1.317.517.6406
Berkshire Hathaway Home
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21769705
Last Updated: 03/12/2021
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