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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.

$69,330

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+5.5%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.5%
Cash Flow	-$420
Value Increase	$14,110

10 YEAR

Cash On Cash	-2.3%
Total Return	10.4%

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.

13360 N White Cloud Ct

Indiana

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MARKET HIGHLIGHTS

Indianapolis Market Report

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)

Zip Code: 46113

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

Zip Code: 46113

* 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

GreatSchools Rating

FINANCIALS

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$228,668$279,48400$254,076

PURCHASE PRICE

$1,080$1,32000$1,200

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

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

3.75%

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

1,531
PROPERTY SQFT
$0.8
AVG RENT PER SQFT
$1,217
ESTIMATED VALUE
$1,200
LIST RENT

13361 North White Cloud Court Camby, IN 5

3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2020
Price

Price Per SQFT

$254,076

$165.95
8321 Sansa Street Camby, IN 1

3 beds 2 baths ∙ 1,240 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 2011
SOLD 09/02/20
Price

Price Per SQFT

$150,000

$120.97
8204 Wheatfield Court Camby, IN 2

3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2011
SOLD 08/10/20
Price

Price Per SQFT

$173,000

$113.52
8541 Adlington Court Camby, IN 3

3 beds 2 baths ∙ 1,618 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 2015
SOLD 06/29/20
Price

Price Per SQFT

$179,200

$110.75
8555 Adlington Court Camby, IN 4

3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2013
SOLD 09/11/20
Price

Price Per SQFT

$190,000

$112.29

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

13361 North White Cloud Court Camby, IN 46113

$254,076

$1,200

$69,330

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Mooresville High School

FINANCIALS

$228,668$279,48400$254,076

$1,080$1,32000$1,200

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$254,076

$1,200

0.47%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$883

3.17

$6,735

$254,076

$165.95

$175,120

$114.38

COMPS RANGE

PRICE COMPS ANALYSIS

$1,200

$0.78

$1,217

$0.8

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS