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13820 Barnett Place Fishers, IN 46038

4 Beds 3 Baths 2,054 sqft Built 1997

$274,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $133.84
  • 4 Days on Market
  • MLS # : 21760793
  • Updated Date : 02/12/2021 at 10:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,054 sqft
  • Baths : 2 full , 1 half
Listing Agent

F.c. Tucker Company

Listing Agent's Description

You're in luck! The perfect 4Bd/2.5Ba home just hit the market in Fishers for under $300K. Welcome to the move in ready home you've been looking for, as everything is already done. Updates include roof ('09), wtr htr ('17), HVAC ('18), Paint & carpet ('21)! This beauty provides flexibility w/loads of built in shelving in the spacious 2nd bedroom. Primary suite offers a perfect retreat w/built in closet storage and sep whirlpool tub, shower stall & dual vanities. Fully fenced backyard & large deck deliver the perfect gathering space for the upcoming gorgeous IN Spring weather! Situated in a quiet neighborhood with easy access to everything Fishers & the North side of Indy has to offer. Don't hesitate...this one will be gone in no time!

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: Harrison Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k269k

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

Neighborhood: Harrison Lakes

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
Harrison Parkway Elementary School Primary Regular 575 30 7
Riverside Junior High Middle Regular 959 61 8
Fishers High School High Regular 2,964 134 9

Harrison Parkway Elementary School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 30
7
GreatSchools Rating

Riverside Junior High

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 61
8
GreatSchools Rating

Fishers High School

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

$247,410$302,390$274,900

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$955
Property Tax -$413
Property Insurance -$67
HOA -$17
Property Management Fees -$149
CASH FLOW
$50

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.

$274,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.6%
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$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,322

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
  • $0.8

    LIST RENT PER SQFT
  • $1,802

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,6504$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 13820 Barnett Place Fishers, IN 3
    • 4 beds 3 baths ∙ 2,054 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,054 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 13987 Wakefield Pl Fishers, IN 1
    • 4 beds 3 baths ∙ 1,738 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,738 Sqft ∙ Built 1996
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 13847 Wabash Drive Fishers, IN 2
    • 4 beds 2 baths ∙ 1,862 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,862 Sqft ∙ Built 1996
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 8941 Woodlark Drive Fishers, IN 4
    • 4 beds 3 baths ∙ 1,934 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,934 Sqft ∙ Built 1997
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
  • 13902 Wabash Drive Fishers, IN 5
    • 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 1995
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.82
    •  
PROPERTY LISTING DETAILS
David Johnson
F.c. Tucker Company
BESbswy