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361 Wild Rose Lane Avon, IN 46123

4 Beds 3 Baths 2,000 sqft Built 1997

$240,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $120.00
  • 3 Days on Market
  • MLS # : 21756582
  • Updated Date : 12/11/2020 at 12:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,000 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Indy Metro W

  • 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

Zip Code: 46123

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220kPrice in $119k221k

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

Zip Code: 46123

ZipNIR Market*CityMarket2010Year2000 Q32019 Q210501100115012001250130013501400145015001550Rent in $10401587

* 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
Pine Tree Elementary School Primary Regular 382 19 8
Avon Intermediate School West Middle Regular 709 29 7
Avon High School High Regular 2,766 118 9

Pine Tree Elementary School

  • Education Level: Primary
  • # of students: 382
  • # of teachers: 19
8
GreatSchools Rating

Avon Intermediate School West

  • Education Level: Middle
  • # of students: 709
  • # of teachers: 29
7
GreatSchools Rating

Avon High School

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

$216,000$264,000$240,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$886
Property Tax -$388
Property Insurance -$66
Property Management Fees -$140
CASH FLOW
$71

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.

$240,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.5%
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

PROJECTED ANNUAL CASH FLOW

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

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$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$11,927

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,480

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,3953$1,4354$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 361 Wild Rose Lane Avon, IN 5
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
  • 6651 Wilmot Lane Avon, IN 1
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 2008
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 6887 Merritt Ridge Way Avon, IN 2
    • 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 2002
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.69
    •  
  • 7228 Village Oaks Drive Avon, IN 3
    • 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2002
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.73
    •  
  • 6886 Merritt Ridge Way Avon, IN 4
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2001
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.73
    •  
PROPERTY LISTING DETAILS
Pat Ploughe
Keller Williams Indy Metro W
BESbswy