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7284 Oakview Drive Avon, IN 46123

4 Beds 3 Baths 2,708 sqft Built 2003

$275,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $101.55
  • 2 Days on Market
  • MLS # : 21768234
  • Updated Date : 03/06/2021 at 22:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,708 sqft
  • Baths : 2 full , 1 half
Listing Agent

Selling Indy Metro, Llc

Listing Agent's Description

Here is that conveniently located, 2 story home with large privacy fenced yard you have been looking for! From the covered front porch, to the 2 Story entryway, to new flooring in many areas, to large Master with en suite bathroom with garden tub and double walk in shower, HUGE master closet, and two more bedrooms, very large loft, and another full bath plus laundry upstairs. Large kitchen featuring large granite island with tons of storage, plus formal dining, and a 4th bedroom/office downstairs. Step outside to your large stamped concrete patio with playset, 2 garden beds, and even a walkway around the home. Soon those huge hostas will be growing in addition to the many plants that make this yard lovely throughout the year! Photos soon!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 46123

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220kPrice in $119k221k

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

Zip Code: 46123

ZipNIR Market*CityMarket2010Year2000 Q32019 Q210501100115012001250130013501400145015001550Rent in $10401587

* 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
Hickory Elementary School Primary Regular 519 24 8
Avon Middle School South Middle Regular 763 34 6
Avon High School High Regular 2,766 118 9

Hickory Elementary School

  • Education Level: Primary
  • # of students: 519
  • # of teachers: 24
8
GreatSchools Rating

Avon Middle School South

  • Education Level: Middle
  • # of students: 763
  • # of teachers: 34
6
GreatSchools Rating

Avon High School

  • Education Level: High
  • # of students: 2,766
  • # of teachers: 118
9
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$955
Property Tax -$456
Property Insurance -$79
HOA -$19
Property Management Fees -$152
CASH FLOW
$28

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.

$275,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.5%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$7,130

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,686

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5653$1,6904$1,7155$1,850
$1,850
RENT COMPS ANALYSIS
  • 7284 Oakview Drive Avon, IN 3
    • 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.62
    •  
  • 8329 Bluestem Lane Plainfield, IN 1
    • 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2005
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.62
    •  
  • 1908 Shadowridge Run Avon, IN 2
    • 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2013
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.62
    •  
  • 7025 Village Oaks Drive Avon, IN 4
    • 4 beds 3 baths ∙ 2,853 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,853 Sqft ∙ Built 2003
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,715
    • $0.60
    •  
  • 7094 Millet Lane Avon, IN 5
    • 4 beds 3 baths ∙ 2,837 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,837 Sqft ∙ Built 2003
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.65
    •  
PROPERTY LISTING DETAILS
Jamie Dickerson
Selling Indy Metro, Llc
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768234
Last Updated: 03/06/2021
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