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557 Woodfield Circle Avon, IN 46123

3 Beds 2 Baths 1,402 sqft Built 1999

$200,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $142.65
  • 4 Days on Market
  • MLS # : 21767990
  • Updated Date : 02/26/2021 at 09:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,402 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Indy Metro S

Listing Agent's Description

Gorgeous 3 bedroom, all electric home has over 1400 square feet of living space. Large great room with fireplace and skylights. Master bedroom has walk-in closet and master bath has garden tub and double sinks. Updated kitchen appliances, floored attic, laminate floors throughout the home, Backyard complete with fire pit, wood deck, and mini barn.

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
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$695
Property Tax -$324
Property Insurance -$54
HOA -$16
Property Management Fees -$109
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.

$200,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

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

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$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$4,639

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,202

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,210
1$1,2102$1,3953$1,3954$1,4505$1,465
$1,465
RENT COMPS ANALYSIS
  • 557 Woodfield Circle Avon, IN 1
    • 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.86
    •  
  • 6651 Wilmot Lane Avon, IN 2
    • 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
    •  
  • 8194 Oriole Point Drive Avon, IN 3
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2009
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.85
    •  
  • 7448 Glensford Drive Avon, IN 4
    • 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
    •  
  • 8126 Oakley Lane Avon, IN 5
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2011
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.89
    •  
PROPERTY LISTING DETAILS
Ambyr Tunny
Keller Williams Indy Metro S
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21767990
Last Updated: 02/26/2021
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