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8439 Shattuck Drive Avon, IN 46123

5 Beds 3 Baths 2,392 sqft Built 1997

$279,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $116.64
  • 3 Days on Market
  • MLS # : 21768416
  • Updated Date : 02/26/2021 at 18:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,392 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Modglin Group

Listing Agent's Description

Gorgeous two story 5 bedroom 2.5 bathroom home in desirable Austin Lakes addition . Home has been freshly painted inside and out in calming neutral colors. Completely remodeled master bathroom features semi frameless glass shower doors, marble vanity top, and waterproof luxury vinyl wood flooring (2020). The kitchen is fresh and bright featuring all stainless steel appliances and brushed nickel hardware. The large 27x20 attached garage allows for additional storage space and access to picturesque backyard. Definitely a must see!!

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
White Oak Elementary School Primary Regular 403 22 7
Avon Middle School North Middle Regular 707 34 6
Avon High School High Regular 2,766 118 9

White Oak Elementary School

  • Education Level: Primary
  • # of students: 403
  • # of teachers: 22
7
GreatSchools Rating

Avon Middle School North

  • Education Level: Middle
  • # of students: 707
  • # of teachers: 34
6
GreatSchools Rating

Avon High School

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

$251,100$306,900$279,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$969
Property Tax -$462
Property Insurance -$73
HOA -$13
Property Management Fees -$151
CASH FLOW
$11

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.

$279,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.60%

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$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$6,380

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,662

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,6953$1,745
$1,745
RENT COMPS ANALYSIS
  • 8439 Shattuck Drive Avon, IN 1
    • 5 beds 3 baths ∙ 2,392 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,392 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.70
    •  
  • 1869 Osman Drive Avon, IN 2
    • 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2017
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
  • 771 Seabreeze Drive Avon, IN 3
    • 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 2003
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.70
    •  
PROPERTY LISTING DETAILS
Danielle Haizlip
The Modglin Group
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768416
Last Updated: 02/26/2021
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