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1903 Silverberry Drive Indianapolis, IN 46234

3 Beds 2 Baths 1,534 sqft Built 2012

$219,900

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $143.35
  • 6 Days on Market
  • MLS # : 21768429
  • Updated Date : 02/26/2021 at 20:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,534 sqft
  • Baths : 2 full
Listing Agent

Crossroads Link Realty

Listing Agent's Description

updated Pulte Homes in Avon , short drive to Avon Crossing , IU west and many amenities. Fresh Paint , new water proof Vinyl Plank flooring, New carpet and finished garage.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 46234

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $104k221k

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

Zip Code: 46234

ZipNIR Market*CityMarket2010Year2000 Q32019 Q2950100010501100115012001250130013501400145015001550Rent in $9211551

* 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
Sycamore Elementary School Primary Regular 420 19 8
Avon Middle School North Middle Regular 707 34 6
Avon High School High Regular 2,766 118 9

Sycamore Elementary School

  • Education Level: Primary
  • # of students: 420
  • # of teachers: 19
8
GreatSchools Rating

Avon Middle School North

  • Education Level: Middle
  • # of students: 707
  • # of teachers: 34
6
GreatSchools Rating

Avon High School

  • Education Level: High
  • # of students: 2,766
  • # of teachers: 118
9
GreatSchools Rating
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$764
Property Tax -$367
Property Insurance -$57
HOA -$18
Property Management Fees -$121
CASH FLOW
$13

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.

$219,900

PROJECTED PRICE

$1,340

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$5,022

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,346

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,3403$1,4654$1,5255$1,600
$1,600
RENT COMPS ANALYSIS
  • 1903 Silverberry Drive Indianapolis, IN 2
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.87
    •  
  • 1492 Brigade Circle Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2003
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.79
    •  
  • 9778 Rhodes Lane Avon, IN 3
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2005
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.91
    •  
  • 10567 Secretariat Drive Indianapolis, IN 4
    • 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2000
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.90
    •  
  • 10467 Secretariat Drive Indianapolis, IN 5
    • 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 2003
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
PROPERTY LISTING DETAILS
Salai Lungngam
Crossroads Link Realty
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768429
Last Updated: 02/26/2021
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