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14050 Avalon E. Drive Fishers, IN 46037

4 Beds 3 Baths 2,109 sqft Built 2004

INVESTimate

$276,500

List Price

$1,730

$1,557 - $1,903

Rent Est.

$287,422  ( +3.95%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $131.10
  • 7 Days on Market
  • MLS # : 21730700
  • Updated Date : 08/21/2020 at 00:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,109 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keypoint Properties Llc

Listing Agent's Description

Beautiful two-story entry with 4-bedroom home in desirable Avalon of Fishers. kitchen with center island and all stainless steel appliance, The family room features a gas fireplace, Master bathroom with double sinks, and walk-in closet, New interior paint and new carpet throughout the house, Extra large corner lot, There are many amenities, including the amazing pool and well-equipped playground.

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: Avalon of Fishers

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k297k

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

Neighborhood: Avalon of Fishers

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q21100120013001400150016001700180019002000210022002300Rent in $10402353

* 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
Hamilton Southeastern Intermediate-junior High School Primary Regular 1,238 57 9
Hamilton Southeastern Intermediate-junior High School Middle Regular 1,238 57 9
Hamilton Southeastern High School High Regular 3,017 135 9

Hamilton Southeastern Intermediate-junior High School

  • Education Level: Primary
  • # of students: 1,238
  • # of teachers: 57
9
GreatSchools Rating

Hamilton Southeastern Intermediate-junior High School

  • Education Level: Middle
  • # of students: 1,238
  • # of teachers: 57
9
GreatSchools Rating

Hamilton Southeastern High School

  • Education Level: High
  • # of students: 3,017
  • # of teachers: 135
9
GreatSchools Rating
 

$248,850$304,150$276,500

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

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-$4.0k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,020
Property Tax -$415
Property Insurance -$68
HOA -$50
Property Management Fees -$156
CASH FLOW
$21

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.

$276,500

PROJECTED PRICE

$1,730

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.95%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,023

INVESTMENT

$79,023

Down Payment
$69,125
Rehab Estimate
$5,750
Closing Costs
$4,148

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,020

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,125
Loan Amount $207,375
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$9,055

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,735

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,7304$1,8005$2,150
$2,150
RENT COMPS ANALYSIS
  • 14050 Avalon E. Drive Fishers, 3
    • 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.82
    •  
  • 12651 Watford Fishers, 1
    • 3 beds 3 baths ∙ 1,770 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,770 Sqft ∙ Built 2005
    LEASED 05/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
  • 13096 Tannenweg Way Fishers, 2
    • 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2009
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
  • 14314 Leland Muse Fishers, 4
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2002
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
  • 14668 Hinton Drive Fishers, 5
    • 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2015
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jack Stone
Keypoint Properties Llc
BESbswy