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13859 Waycross Drive Fishers, IN 46038

4 Beds 2 Baths 2,112 sqft Built 1996

$264,900

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $125.43
  • 2 Days on Market
  • MLS # : 21750109
  • Updated Date : 11/02/2020 at 13:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,112 sqft
  • Baths : 2 full
Listing Agent

Carpenter, Realtors®

Listing Agent's Description

Stunning & immaculate!! Don't miss this 4BR, 2BA home in desirable Harrison Green. Fresh paint w/an abundance of upgrades make this home a winner. Adorable eat in kitchen w/quartz ctrs, tile backsplash, undermount lights, island and fabulous sliding barn doors over the pantry. DR/GR features cath. clgs, an abundance of light, wd burn fplc & new French patio doors w/blt-in blinds all overlooking the stamped concrete patio & fully fncd rear yard (don't miss the cute outdoor lighting that stays)! Main also has 2 additional BR's as well as Mstr w/beautiful updated bath featuring dble sinks, plant shelf and his/her closets. Upstairs is a gigantic add. BR as well as bonus attic access for lots of storage! Expect the unexpected...Check it out

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 Green

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k269k

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

Neighborhood: Harrison Green

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
Riverside Intermediate School Primary Regular 984 53 8
Riverside Intermediate School Middle Regular 984 53 8
Fishers High School High Regular 2,964 134 9

Riverside Intermediate School

  • Education Level: Primary
  • # of students: 984
  • # of teachers: 53
8
GreatSchools Rating

Riverside Intermediate School

  • Education Level: Middle
  • # of students: 984
  • # of teachers: 53
8
GreatSchools Rating

Fishers High School

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

$238,410$291,390$264,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$977
Property Tax -$398
Property Insurance -$68
HOA -$17
Property Management Fees -$161
CASH FLOW
$169

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.

$264,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.5%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$21,825

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,795

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6953$1,6954$1,7905$1,850
$1,850
RENT COMPS ANALYSIS
  • 13859 Waycross Drive Fishers, IN 4
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.85
    •  
  • 14158 Weeping Cherry Drive Fishers, IN 1
    • 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2001
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.79
    •  
  • 8941 Woodlark Drive Fishers, IN 2
    • 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 3
    • 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
    •  
  • 13840 Barnett Place Fishers, IN 5
    • 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1998
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.91
    •  
PROPERTY LISTING DETAILS
Paula Hardin
Carpenter, Realtors®
BESbswy