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8934 Glass Chimney Lane Fishers, IN 46037

4 Beds 3 Baths 1,876 sqft Built 1997

$269,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $143.87
  • 3 Days on Market
  • MLS # : 21763680
  • Updated Date : 01/29/2021 at 11:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,876 sqft
  • Baths : 2 full , 1 half
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Cute, cute, cute. This immaculate 4 bedroom Lantern Pines charmer has everything you have been looking for. Before you enter, please note; new roof, gutters and luxury vinyl siding in 2020, new deck and fully fenced back yard with mature trees. Inside you will find beautiful wood floors, updated kitchen with stainless appliances, tile backsplash, undermount lighting to accent the gorgeous cabinets, butcher block countertops and island. The beautiful brick fireplace is gas and creates the perfect living/entertaining space. Each bedroom has a ceiling fan and great closet space. Water softener, new in 2017, water heater in 2018 and new Nest thermostat stays!

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lantern Pines

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k269k

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

Neighborhood: Lantern Pines

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
Lantern Road Elementary School Primary Regular 517 26 8
Riverside Junior High Middle Regular 959 61 8
Hamilton Southeastern High School High Regular 3,017 135 9

Lantern Road Elementary School

  • Education Level: Primary
  • # of students: 517
  • # of teachers: 26
8
GreatSchools Rating

Riverside Junior High

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

Hamilton Southeastern High School

  • Education Level: High
  • # of students: 3,017
  • # of teachers: 135
9
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$937
Property Tax -$405
Property Insurance -$63
HOA -$23
Property Management Fees -$140
CASH FLOW
-$10

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.

$269,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.9%
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

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$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,479

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,613

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5603$1,5754$1,6005$1,695
$1,695
RENT COMPS ANALYSIS
  • 8934 Glass Chimney Lane Fishers, IN 2
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.83
    •  
  • 8738 Buckhaven Drive Indianapolis, IN 1
    • 4 beds 3 baths ∙ 1,764 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,764 Sqft ∙ Built 1988
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.86
    •  
  • 9120 Powderhorn Lane Indianapolis, IN 3
    • 4 beds 3 baths ∙ 1,942 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,942 Sqft ∙ Built 1987
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.81
    •  
  • 8637 Ray Circle Indianapolis, IN 4
    • 4 beds 3 baths ∙ 1,938 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,938 Sqft ∙ Built 1989
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
  • 10331 Lakeland Drive Fishers, IN 5
    • 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1996
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
PROPERTY LISTING DETAILS
Chase Deisler
F.c. Tucker Company
BESbswy