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6303 Valleyview Drive Fishers, IN 46038

3 Beds 2 Baths 1,470 sqft Built 1993

$219,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $149.59
  • 4 Days on Market
  • MLS # : 21751420
  • Updated Date : 11/13/2020 at 08:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,470 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Indy Metro Ne

Listing Agent's Description

Move-in ready 3 bedroom/2 full bath ranch on a beautiful wooded home site in coveted Eller Run. Enjoy the large, gourmet eat-in kitchen with updated appliances and bay window with window seat. Great room features soaring ceilings, cozy fireplace, and a combined dining room for an open concept feel. Primary bedroom suite boasts vaulted ceilings, walk-in closet, and en-suite bathroom with a linen closet and double sinks. Two additional bedrooms have lots of natural sunlight and large closets. Enjoy nature on the back deck overlooking the woods and direct access to walking trail. Walking/running nature trail to the rear of home has connectivity to Ambassador House, Ritchey Woods, Fishers Heritage Park, downtown Fishers, and more!

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Eller Run

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k269k

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

Neighborhood: Eller Run

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
Riverside Intermediate School Primary Regular 984 53 8
Riverside Intermediate School Middle Regular 984 53 8
Fishers High School High Regular 2,964 134 9

Riverside Intermediate School

  • Education Level: Primary
  • # of students: 984
  • # of teachers: 53
8
GreatSchools Rating

Riverside Intermediate School

  • Education Level: Middle
  • # of students: 984
  • # of teachers: 53
8
GreatSchools Rating

Fishers High School

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

$197,910$241,890$219,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$811
Property Tax -$330
Property Insurance -$56
HOA -$33
Property Management Fees -$129
CASH FLOW
$71

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.

$219,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.2%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$11,271

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,419

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,4304$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 6303 Valleyview Drive Fishers, IN 3
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.97
    •  
  • 6158 White Birch Drive Fishers, IN 1
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1996
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.90
    •  
  • 6546 Quail Run Fishers, IN 2
    • 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1997
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.00
    •  
  • 6800 Cherry Laurel Lane Fishers, IN 4
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1990
    LEASED 06/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 6863 Cherry Laurel Lane Fishers, IN 5
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1989
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.00
    •  
PROPERTY LISTING DETAILS
Katelyn Broadus
Keller Williams Indy Metro Ne
BESbswy