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524 Austrian Way Avon, IN 46123

3 Beds 3 Baths 1,710 sqft Built 1998

$210,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $122.81
  • 3 Days on Market
  • MLS # : 21768241
  • Updated Date : 02/27/2021 at 13:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,710 sqft
  • Baths : 2 full , 1 half
Listing Agent

F.c. Tucker West Central

Listing Agent's Description

Neighborhood living but with plenty of space on this +.25 acre lot nestled next to large pond at the Pines of Avon. Foyer entry opens to large living and dining rooms that easily double as home office or play spaces. Updated ½ bath just around the corner for guests! Kitchen features stainless steel appliances + French door access to patio; it connects to spacious family room with gas fireplace & large picture window to backyard. Upstairs, you’ll find 3 bedrooms & 2 full baths; the master suite includes a walk-in closet, deep soaker tub, + new bathroom flooring. Fenced rear yard keeps pets and kiddos safe, plus double-wide gate entry for your mower! Relax in your hot tub and enjoy outdoor dining from your large brick paver patio all season.

SEE MORE

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 Middle School South Middle Regular 763 34 6
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 Middle School South

  • Education Level: Middle
  • # of students: 763
  • # of teachers: 34
6
GreatSchools Rating

Avon High School

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

$189,000$231,000$210,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$729
Property Tax -$340
Property Insurance -$60
HOA -$16
Property Management Fees -$126
CASH FLOW
$129

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.

$210,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.67%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$13,029

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,445

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,4504$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 524 Austrian Way Avon, IN 2
    • 3 beds 3 baths ∙ 1,710 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,710 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.82
    •  
  • 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
    •  
  • 7448 Glensford Drive Avon, IN 3
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1996
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
  • 7973 Cobblesprings Drive Avon, IN 4
    • 4 beds 3 baths ∙ 1,772 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,772 Sqft ∙ Built 1996
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
  • 7619 Gold Coin Drive Avon, IN 5
    • 3 beds 3 baths ∙ 1,815 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,815 Sqft ∙ Built 1994
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
PROPERTY LISTING DETAILS
Casey Hockersmith
F.c. Tucker West Central
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768241
Last Updated: 02/27/2021
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