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606 South Sunblest Boulevard Fishers, IN 46038

4 Beds 3 Baths 1,968 sqft Built 1983

$250,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $127.03
  • 3 Days on Market
  • MLS # : 21767384
  • Updated Date : 02/20/2021 at 12:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,968 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

This lovely 2-story in popular Sunblest Farms is ready for it's new owner! This charming floor plan has it all, formal living/dining, breakfast room, large kitchen overlooking the great room w/ a cozy fireplace! 4 bedrooms located on the upper level, patio in the back, fenced in yard and mature trees make this home perfect for you!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Orchards at Sunblest

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k269k

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

Neighborhood: The Orchards at Sunblest

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2110012001300140015001600170018001900Rent in $10401990

* 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
New Britton Elementary School Primary Regular 621 31 9
Riverside Junior High Middle Regular 959 61 8
Fishers High School High Regular 2,964 134 9

New Britton Elementary School

  • Education Level: Primary
  • # of students: 621
  • # of teachers: 31
9
GreatSchools Rating

Riverside Junior High

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 61
8
GreatSchools Rating

Fishers High School

  • Education Level: High
  • # of students: 2,964
  • # of teachers: 134
9
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$868
Property Tax -$375
Property Insurance -$65
Property Management Fees -$142
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.

$250,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.0%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$14,745

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,589

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4453$1,4504$1,5805$1,650
$1,650
RENT COMPS ANALYSIS
  • 606 South Sunblest Boulevard Fishers, IN 4
    • 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.80
    •  
  • 11708 Cameron Drive Fishers, IN 1
    • 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 1982
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
  • 524 Concord Court Fishers, IN 2
    • 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1977
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.79
    •  
  • 7620 Madden Lane Fishers, IN 3
    • 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1988
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 7717 Hidden Ridge Fishers, IN 5
    • 3 beds 3 baths ∙ 1,980 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,980 Sqft ∙ Built 1991
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.83
    •  
PROPERTY LISTING DETAILS
Craig Deboor
1.317.445.0351
Exp Realty, Llc
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21767384
Last Updated: 02/20/2021
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