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$550,000

Sale Pending
10759 Sawgrass Dr, Fishers, IN 46037
4 Beds
4 Baths
3,342 Square Feet
0.50 Acres Lot
Built in 1995
Sale Pending
Units n/a
Checked: 15 hours ago
Updated: Jul 14, 2025 at 03:24AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$642
Cap Rate
4.7%
Cash-on-Cash Return
-6.1%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-1.9%

Property Description


0.50 Acres Lot
Built in 1995
Sale Pending
Units n/a

To say this home has been meticulously cared for would be an understatement. From the moment you arrive, you'll feel the warmth and pride of ownership that radiates from every room. It's the kind of place that instantly feels like home. While you're just minutes from all the amenities and conveniences Fishers has to offer, you're tucked away in a peaceful setting of woods, a gentle creek, and the quiet magic of every season. Your warm welcome begins before you even step inside-manicured landscaping guides you to the front entrance where you're drawn into the living room that instantly feels like home. The updated kitchen is both functional & inviting, offering ample counter & cabinet space, a large island, and plenty of natural light with a great view of the woods. The fireplace adds a cozy hearth-room feel-truly the heart of your home! You can dine and entertain in the kitchen or the formal dining room. The sun room is open to the kitchen providing a quiet space to read OR for the party to spill over from the kitchen. The owner's suite is conveniently located on the main level and opens to a private porch that overlooks the woods and a peaceful creek-ideal for enjoying your morning coffee or unwinding with an evening beverage. On the opposite side of the home, a private mother-in-law suite offers flexibility for extended family or guests. A 3rd bedroom OR a family room to complete the in-law suite is currently used as a crafting room. Downstairs, a finished basement includes an additional bedroom and full bath, making it easy to accommodate multiple generations or a variety of family dynamics. Also has a large family room area and flex space for an office or work out equipment. The heat pump is new in 2023, some new windows, every nook & cranny caulked/painted, and a brand new deck. The garage is fit & finished with a new epoxy floor!

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Location


Property Details


Parking

  • Description: Attached, Concrete, Garage Door Opener
  • Details: Garage Door Opener, Attached, Concrete
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Finished, Daylight
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter

HOA

  • Has HOA: Yes
  • HOA Fee: $400/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 291504009004.000020
  • Lot Size: 21780 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1995

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air, Electric
  • Cooling: Central Air

Location

  • County: Hamilton

Listing Details


Listed by:
Stephanie Cook
Real Broker, LLC
(317) 652-3136

Source:
MIBOR Broker Listing Cooperative
MLS#: 22040108
MIBOR Broker Listing Cooperative

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$642
Cap Rate
4.7%
Cash-on-Cash Return
-6.1%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-1.9%

Purchase Details

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Purchase price:
$550,000
Amount financed:
-$440,000
Down payment:
$110,000
Closing costs:
$16,500
Rehab costs:
$0
Initial cash invested:
$126,500
Square feet:
3,342
Cost per square foot:
$165
Monthly rent per square foot:
$0.96

Financing Details

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Loan amount:
$440,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,817
Property tax:
$0
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,041

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (1%)
1%-$33-$396
Total operating expenses: (26%)
26%-$833-$9,996

Cash Flow


Monthly Yearly
Net operating income:
$2,175 $26,100
Mortgage payments:
-$2,817 -$33,804
Cash flow:
$642 $7,704