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8211 Connerwood Lane Fishers, IN 46038

4 Beds 3 Baths 2,432 sqft Built 1977

$349,900

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $143.87
  • 4 Days on Market
  • MLS # : 21760694
  • Updated Date : 03/04/2021 at 13:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,432 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Complete

Listing Agent's Description

Beautiful 4BR/2.5 colonial on .55 acre lot! Step in from the covered porch. Main-lvl offers Living rm w/built-in shelving, Formal Dining rm, Kitchen w/Maple cabinets, Granite c-tops, tile backsplash, Bosch SS appliances & Breakfast rm, Fabulous 3-season sun room, Family rm w/ WB FP, laundry rm & half bath. Upper-lvl has Master suite, BR's 2, 3, 4 & both Baths have been updated. Backyard w/brick patio & storage shed. Pella Impervia Fiberglass windows throughout. New Amana furnace, septic field & well 2020. Newer Hardie Plank siding, trim, shutters & Thermatru Classic Craft front door 2014. Ready to move in and call home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Connerwood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k319k

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

Neighborhood: Connerwood

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q211001200130014001500160017001800190020002100Rent in $10402188

* 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
Harrison Parkway Elementary School Primary Regular 575 30 7
Riverside Junior High Middle Regular 959 61 8
Fishers High School High Regular 2,964 134 9

Harrison Parkway Elementary School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 30
7
GreatSchools Rating

Riverside Junior High

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 61
8
GreatSchools Rating

Fishers High School

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

$314,910$384,890$349,900

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,215
Property Tax -$433
Property Insurance -$74
HOA -$25
Property Management Fees -$170
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.

$349,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.6%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$7,684

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,721

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,665
1$1,6652$1,6953$1,6954$1,7755$1,890
$1,890
RENT COMPS ANALYSIS
  • 8211 Connerwood Lane Fishers, IN 5
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.78
    •  
  • 8970 Dickinson Court Fishers, IN 1
    • 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1996
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.67
    •  
  • 8928 Waterton Place Fishers, IN 2
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1995
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.73
    •  
  • 8550 Roses Road Fishers, IN 3
    • 4 beds 2 baths ∙ 2,450 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,450 Sqft ∙ Built 1979
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
  • 8896 Tanner Drive Fishers, IN 4
    • 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 1993
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.74
    •  
PROPERTY LISTING DETAILS
Jeffrey D. Cummings
Re/max Complete
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21760694
Last Updated: 03/04/2021
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