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4 Atherton Court Brownsburg, IN 46112

3 Beds 2 Baths 1,669 sqft Built 1998

$195,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $116.84
  • 2 Days on Market
  • MLS # : 21739910
  • Updated Date : 11/02/2020 at 10:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,669 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Indy Metro S

Listing Agent's Description

Welcome to this pristine ranch in Brownsburg! Walk in the front door to a spacious entryway that leads to the living room. Living room features a wood-burning fireplace and an open view into the kitchen. Head into the kitchen and notice the large breakfast bar/island, perfect for sipping your morning coffee. Home features a split view with 2 bedrooms with walk-in closets on one end, and the master on the other. The HUGE master bedroom is big enough to have a separate sitting/office area. Venture outside to a fenced-in backyard and a mini barn for extra storage. This home sits on a corner lot offering tons of room for kids or animals to run and play! With close access to schools and parks, this home is a perfect home for any family!

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

Zip Code: 46112

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220kPrice in $119k222k

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

Zip Code: 46112

ZipNIR Market*CityMarket2010Year2000 Q32019 Q210501100115012001250130013501400145015001550Rent in $10401554

* 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
Cardinal Elementary School Primary Regular 621 36 9
Brownsburg West Middle School Middle Regular 914 55 9
Brownsburg High School High Regular 2,442 125 9

Cardinal Elementary School

  • Education Level: Primary
  • # of students: 621
  • # of teachers: 36
9
GreatSchools Rating

Brownsburg West Middle School

  • Education Level: Middle
  • # of students: 914
  • # of teachers: 55
9
GreatSchools Rating

Brownsburg High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 125
9
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$719
Property Tax -$268
Property Insurance -$59
HOA -$15
Property Management Fees -$123
CASH FLOW
$186

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.

$195,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.9%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$22,443

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,394

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3703$1,4254$1,4505$1,750
$1,750
RENT COMPS ANALYSIS
  • 4 Atherton Court Brownsburg, IN 2
    • 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.82
    •  
  • 225 Bent Stream Lane Brownsburg, IN 1
    • 3 beds 3 baths ∙ 1,614 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,614 Sqft ∙ Built 2001
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.82
    •  
  • 7 Daniel Circle Brownsburg, IN 3
    • 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1995
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.75
    •  
  • 1846 Quinn Creek Drive Brownsburg, IN 4
    • 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2000
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 205 Harts Ford Way Brownsburg, IN 5
    • 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 2000
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
PROPERTY LISTING DETAILS
Scott Smith
1.317.893.1622
Keller Williams Indy Metro S
BESbswy