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13361 North White Cloud Court Camby, IN 46113

3 Beds 2 Baths 1,531 sqft Built 2020

$254,076

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $165.95
  • 48 Days on Market
  • MLS # : 21754803
  • Updated Date : 11/24/2020 at 10:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,531 sqft
  • Baths : 2 full
Listing Agent

Hms Real Estate, Llc

Listing Agent's Description

New Construction by D.R. Horton! Welcome to the Hollister in The Sanctuary at Heartland Crossing. This popular floor plan offers appealing split bedroom plan and open concept living area perfect for entertaining. Kitchen features beautiful cabinets with crown molding, quartz countertops and durable laminate flooring. You will appreciate the linen storage near the hall bath and spacious utility room off the garage. Bathroom 1 suite offers double bowl vanity and walk-in closet. Sunroom is ideal for relaxing and offers additional space for entertaining. America's Smart Home technology included. Open patio ideal for enjoying time outdoors in this popular community with pools, parks, trails, tennis and more.

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 46113

ZipNIR Market*CityMarket2010Year20002019120k125k130k135k140k145k150k155k160k165kPrice in $119k168k

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

Zip Code: 46113

ZipNIR Market*CityMarket2010Year2000 Q32019 Q2102010401060108011001120114011601180120012201240126012801300Rent in $10021306

* 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
Mooresville High School High Regular 1,364 63 5

Mooresville High School

  • Education Level: High
  • # of students: 1,364
  • # of teachers: 63
5
GreatSchools Rating
 

$228,668$279,484$254,076

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$883
Property Tax -$157
Property Insurance -$57
HOA -$30
Property Management Fees -$108
CASH FLOW
-$35

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$254,076

PROJECTED PRICE

$1,200

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 3.00%
Vacancy 7.73%
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

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$69,330

INVESTMENT

$69,330

Down Payment
$63,519
Rehab Estimate
$2,000
Closing Costs
$3,811

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$883

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,519
Loan Amount $190,557
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$6,735

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,217

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,2003$1,2954$1,2955$1,335
$1,335
RENT COMPS ANALYSIS
  • 13361 North White Cloud Court Camby, IN 2
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.78
    •  
  • 8823 Youngs Creek Lane Camby, IN 1
    • 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 2002
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.78
    •  
  • 8811 Mellot Way Camby, IN 3
    • 4 beds 2 baths ∙ 1,721 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,721 Sqft ∙ Built 2002
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.75
    •  
  • 13137 North Etna Green Drive Camby, IN 4
    • 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 2002
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.85
    •  
  • 8775 Orchard Grove Lane Camby, IN 5
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2002
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,335
    • $0.80
    •  
PROPERTY LISTING DETAILS
Marie Edwards
Hms Real Estate, Llc
BESbswy