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577 Pebble Drive Fortville, IN 46040

3 Beds 2 Baths 1,435 sqft Built 2015

$214,900

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $149.76
  • 3 Days on Market
  • MLS # : 21767917
  • Updated Date : 02/26/2021 at 11:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,435 sqft
  • Baths : 2 full
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Your home search stops here! This 3bed/2bth ranch, located in Wyndstone, is move in ready & won't last long! Built in 2015 and has been meticiously maintained since the owners built it. LVP in entry and kitchen, carpets throughout entire home were professionaly cleaned last week, luxury paver patio w/ seating wall & built in firpit was professionally installed in 2019, entire yard has been professionally landscaped/maintained, 2 car garage is insulated/drywall complete, updated lighting, water softener stays, stainless steel appliances, larger pond view lot, Nest thermostat, and more! Located in Mt Vernon School district with easy access to shopping and dining options! Come see it before it's gone! All updates/SD/utilities in supplements

SEE MORE

PRICE & RENT TRENDS

Zip Code: 46040

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $114k349k

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

Zip Code: 46040

ZipNIR Market*CityMarket2010Year2000 Q32019 Q21100120013001400150016001700180019002000Rent in $10402074

* 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
Fortville Elementary School Primary Regular 438 25 6
Mt. Vernon Middle School Middle Regular 842 51 6
Mt. Vernon High School High Regular 1,170 53 6

Fortville Elementary School

  • Education Level: Primary
  • # of students: 438
  • # of teachers: 25
6
GreatSchools Rating

Mt. Vernon Middle School

  • Education Level: Middle
  • # of students: 842
  • # of teachers: 51
6
GreatSchools Rating

Mt. Vernon High School

  • Education Level: High
  • # of students: 1,170
  • # of teachers: 53
6
GreatSchools Rating
 

$193,410$236,390$214,900

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$746
Property Tax -$299
Property Insurance -$55
Property Management Fees -$127
CASH FLOW
$183

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.

$214,900

PROJECTED PRICE

$1,410

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.9%
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$700k

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$62,699

INVESTMENT

$62,699

Down Payment
$53,725
Rehab Estimate
$5,750
Closing Costs
$3,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$746

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,725
Loan Amount $161,175
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$19,509

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,421

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,245
1$1,2452$1,2503$1,4104$1,495
$1,495
RENT COMPS ANALYSIS
  • 577 Pebble Drive Fortville, IN 3
    • 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.98
    •  
  • 10886 Wymm Lane Ingalls, IN 1
    • 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 2004
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $1.00
    •  
  • 325 East New York Street Fortville, IN 2
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1999
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.99
    •  
  • 714 Bluff Creek Drive Fortville, IN 4
    • 4 beds 3 baths ∙ 1,520 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,520 Sqft ∙ Built 2003
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
PROPERTY LISTING DETAILS
Diana Mcglothlin
F.c. Tucker Company
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21767917
Last Updated: 02/26/2021
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