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9235 Middlebury Way Camby, IN 46113

3 Beds 3 Baths 2,415 sqft Built 2003

$200,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $82.82
  • 3 Days on Market
  • MLS # : 21770337
  • Updated Date : 03/12/2021 at 11:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,415 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Does anyone even read descriptions anymore?! Take a look at the photos to see that this well kept home boasts 3 beds and 2.5 baths. Large loft space that you could convert to a 4th bedroom or use as a home office. Roof is only 5 years old. High efficiency 95% furnace and a/c. All appliances included! Conveniently located close to restaurants, shopping, and golf! Or head the opposite direction to enjoy country backroads!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camby

NeighborhoodNIR Market*CityMarket2010Year20002019120k125k130k135k140k145k150k155k160k165kPrice in $119k168k

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

Neighborhood: Camby

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q21050110011501200125013001350Rent in $10021353

* 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
Decatur Middle School Middle Regular 952 52 3
Decatur Central High School High Regular 1,690 86 3

Decatur Middle School

  • Education Level: Middle
  • # of students: 952
  • # of teachers: 52
3
GreatSchools Rating

Decatur Central High School

  • Education Level: High
  • # of students: 1,690
  • # of teachers: 86
3
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$695
Property Tax -$360
Property Insurance -$74
HOA -$30
Property Management Fees -$124
CASH FLOW
$97

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.

$200,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.73%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$9,746

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.57

    LIST RENT PER SQFT
  • $1,515

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,4153$1,4754$1,5005$1,600
$1,600
RENT COMPS ANALYSIS
  • 9235 Middlebury Way Camby, IN 1
    • 3 beds 3 baths ∙ 2,415 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,415 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.57
    •  
  • 9233 Bainbridge Drive Camby, IN 2
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2003
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,415
    • $0.61
    •  
  • 8853 Story Drive Camby, IN 3
    • 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,353 Sqft ∙ Built 1999
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.63
    •  
  • 8513 Sansa Street Camby, IN 4
    • 3 beds 2 baths ∙ 2,582 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,582 Sqft ∙ Built 2007
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.58
    •  
  • 9227 Stones Bluff Place Camby, IN 5
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2003
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.69
    •  
PROPERTY LISTING DETAILS
Craig Deboor
1.317.445.0351
Exp Realty, Llc
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21770337
Last Updated: 03/12/2021
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