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6280 East Ablington Court Camby, IN 46113

3 Beds 2 Baths 1,480 sqft Built 2005

$209,900

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $141.82
  • 3 Days on Market
  • MLS # : 21764864
  • Updated Date : 02/05/2021 at 14:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,480 sqft
  • Baths : 2 full
Listing Agent

Re/max Ability Plus

Listing Agent's Description

This 3 bedroom, 2 bath ranch has many features including fenced in backyard with fire pit, new laminate flooring, plenty of cabinet space, pantry, double vanities and much more! The community has a large golf course and 2 pools! All appliances stay with the home, including washer and dryer!! Large great room with vaulted ceilings and eat-in kitchen. Great location that's convenient to many businesses.

SEE MORE

  • Indianapolis metro has 65.5% labor force participation rate higher than the national rate 62.8%. The participation is expected to grow to 66.2% in 2020 (USMayors.org, 2018)
  • Indianapolis metro contributes to 39.8% of Indiana state economy i.e. Gross State Product (USMayors.org, 2018)
  • Indianapolis metro employment growth is at 1.6% and predicted to grow at 1.8% in 2019 (USMayors.org, 2018)
  • Indiana state (in turn Indianapolis being part of Indiana) ranks 10th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019)
  • Indianapolis metro's economy is worth $149.7 billion in Gross Metro Product and projected to grow to $158.1 billion in 2019 (USMayors.org, 2018)

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
 

$188,910$230,890$209,900

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 -$729
Property Tax -$130
Property Insurance -$56
HOA -$30
Property Management Fees -$110
CASH FLOW
$165

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.

$209,900

PROJECTED PRICE

$1,220

PROJECTED RENT

0.58%

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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$21,151

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
    property image
    • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.92
    •  
PROPERTY LISTING DETAILS
Kevin P. Elson
1.317.281.2575
Re/max Ability Plus
BESbswy