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7817 Cameron Place Fishers, IN 46038

3 Beds 2 Baths 1,796 sqft Built 1983

INVESTimate

$224,900

List Price

$1,470

$1,323 - $1,617

Rent Est.

$238,327  ( +5.97%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1983
  • Price/Sqft : $125.22
  • 9 Days on Market
  • MLS # : 21732673
  • Updated Date : 08/24/2020 at 17:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,796 sqft
  • Baths : 1 full , 1 half
Listing Agent

Priority Realty Group

Listing Agent's Description

Come check out this beautiful home in Sunblest Farms! Owners have poured a lot of love into the home, and it will show when you walk thru the home. COVID making you work from home? Convert the cute sunroom into an office! Fully fenced in backyard with a brand new deck. Seller added a new pantry in the kitchen for more storage space, and new flooring in the family room. Do you prefer a garage with a ton of light and outlets? Well, this is the garage for you! Home offers 3 bedrooms, 1.5 baths, and plenty of space. Schedule a showing today!

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

Neighborhood: The Orchards at Sunblest

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k269k

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

Neighborhood: The Orchards at Sunblest

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
New Britton Elementary School Primary Regular 621 31 9
Riverside Intermediate School Middle Regular 984 53 8
Fishers High School High Regular 2,964 134 9

New Britton Elementary School

  • Education Level: Primary
  • # of students: 621
  • # of teachers: 31
9
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
 

$202,410$247,390$224,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$830
Property Tax -$345
Property Insurance -$62
Property Management Fees -$132
CASH FLOW
$101

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.

$224,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.97%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,349

INVESTMENT

$65,349

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$14,347

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,500

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4503$1,4504$1,4705$1,499
$1,499
RENT COMPS ANALYSIS
  • 7817 Cameron Place Fishers, 4
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.82
    •  
  • 11708 Cameron Drive Fishers, 1
    • 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 1982
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
  • 7620 Madden Lane Fishers, 2
    • 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1988
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 11250 Harrington Lane Fishers, 3
    • 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 1998
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 105 Willowood Lane Fishers, 5
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1976
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.84
    •  
PROPERTY LISTING DETAILS
Megan Howard
Priority Realty Group
BESbswy