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6280 East Ablington Court Camby, IN 46113

3 Beds 2 Baths 1,480 sqft Built 2005

$199,900

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $135.07
  • 3 Days on Market
  • MLS # : 21769707
  • Updated Date : 03/06/2021 at 20:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,480 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Indy Metro W

Listing Agent's Description

This ranch is what you've been looking for! Enjoy summer nights by the fire pit. New flooring, new roof, vaulted ceilings, side load garage and updated bathrooms! The community not only has a large golf course but also 2 pools and 5 parks!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 46113

ZipNIR Market*CityMarket2010Year20002019120k125k130k135k140k145k150k155k160k165kPrice in $119k168k

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

Zip Code: 46113

ZipNIR Market*CityMarket2010Year2000 Q32019 Q2102010401060108011001120114011601180120012201240126012801300Rent in $10021306

* 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
Mooresville High School High Regular 1,364 63 5

Mooresville High School

  • Education Level: High
  • # of students: 1,364
  • # of teachers: 63
5
GreatSchools Rating
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$694
Property Tax -$124
Property Insurance -$56
HOA -$30
Property Management Fees -$110
CASH FLOW
$206

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.

$199,900

PROJECTED PRICE

$1,220

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.73%
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$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$25,484

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,228

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,220
1$1,2202$1,2953$1,2954$1,3355$1,395
$1,395
RENT COMPS ANALYSIS
  • 6280 East Ablington Court Camby, IN 1
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.82
    •  
  • 8811 Mellot Way Camby, IN 2
    • 4 beds 2 baths ∙ 1,721 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,721 Sqft ∙ Built 2002
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.75
    •  
  • 13137 North Etna Green Drive Camby, IN 3
    • 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 2002
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.85
    •  
  • 8775 Orchard Grove Lane Camby, IN 4
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2002
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,335
    • $0.80
    •  
  • 8339 Adams Mills Place Camby, IN 5
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2006
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.92
    •  
PROPERTY LISTING DETAILS
Eric Forney
Keller Williams Indy Metro W
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21769707
Last Updated: 03/06/2021
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