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

6330 East Ablington Court Camby, IN 46113

3 Beds 2 Baths 1,566 sqft Built 2005

$199,900

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $127.65
  • 3 Days on Market
  • MLS # : 21767512
  • Updated Date : 02/20/2021 at 10:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,566 sqft
  • Baths : 2 full
Listing Agent

Carpenter, Realtors®

Listing Agent's Description

Welcome home to this very well cared for 3 Bed, 2 full bath ranch in the Mission @ Heartland Crossing. Come see the new lux vinyl plank floors, security window film, security camera system, screened porch, new ceiling fans, storm door just to name a few of the features that make this home a prized possession. Main bedroom boasts a garden tub to relax in. This home is immaculate!

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

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$694
Property Tax -$124
Property Insurance -$57
HOA -$61
Property Management Fees -$111
CASH FLOW
$183

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

$1,230

PROJECTED RENT

0.62%

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 40% 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

8.17

YEARS SAVED

$21,931

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,245

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,2303$1,2954$1,2955$1,335
$1,335
RENT COMPS ANALYSIS
  • 6330 East Ablington Court Camby, IN 2
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.79
    •  
  • 8823 Youngs Creek Lane Camby, IN 1
    • 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 2002
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.78
    •  
  • 8811 Mellot Way Camby, IN 3
    • 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 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Melodie Halstead
Carpenter, Realtors®
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21767512
Last Updated: 02/20/2021
BESbswy