Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Orchards at Sunblest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
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
-
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
1.317.445.0351
Exp Realty, Llc
MLS #: 21767384
Last Updated: 02/20/2021
