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$380,000

Sale Pending
6827 Fallen Leaf Dr, Whitestown, IN 46075
4 Beds
3 Baths
2,400 Square Feet
0.19 Acres Lot
Built in 2018
Sale Pending
Units n/a
Checked: 14 hours ago
Updated: Jul 25, 2025 at 05:55AM

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
-$269
Cap Rate
5.3%
Cash-on-Cash Return
-3.7%
Debt Coverage Ratio
0.86
Internal Rate of Return (5 years)
0.4%

Property Description


0.19 Acres Lot
Built in 2018
Sale Pending
Units n/a

Thursday Open House, 5-7pm! New price, move-in-ready! Welcome to 6827 Fallen Leaf Drive in popular Harvest Park-where modern upgrades, thoughtful design, and standout features come together in a move-in ready home you'll love. This beautifully updated property offers the perfect blend of style, function, and outdoor living. Step into the heart of the home and you'll find a stunning kitchen with white shaker cabinets, stainless steel appliances, brand new quartz countertops, and a new kitchen sink. The open-concept layout connects the living area with a cozy fireplace, casual dining space, and kitchen, all filled with an abundance of natural light. LVP floors flow seamlessly throughout the main floor living spaces. Unique to this floorplan is a main floor bedroom and full bath-ideal as a guest room, office, or playroom-while the front flex room is currently used as a dining space. Upstairs features three bedrooms, a large loft perfect for play or relaxation, including a spacious primary suite with a walk-in shower, and new custom closet systems in all upstairs closets. Outdoors, enjoy the privacy of a fully fenced backyard (2024) complete with new professional landscaping (2025), a spacious paver patio (2021) for entertaining, and a dedicated playground area with rubber mulch (2024)-a dream setup for families. Additional updates include updated faucets in every sink and fresh interior paint throughout most of the home. The garage features a bump out, providing extra room for storage. Harvest Park also offers great neighborhood amenities, including a playground, basketball court, and walking trails. Located with easy access to schools, shopping, and parks, Fallen Leaf checks all the boxes for buyers seeking turn-key condition and long-term value.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 11
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab

HOA

  • Has HOA: Yes
  • HOA Fee: $140/quarterly

Land Information

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

Lot Information

  • Parcel ID: 060830000004.161019
  • Lot Size: 8276 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2018

Tax Information

  • Annual Tax: $0

Utilities

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

Location

  • County: Boone

Listing Details


Listed by:
Stephen Clark
Compass Indiana, LLC
(317) 345-4582

Source:
MIBOR Broker Listing Cooperative
MLS#: 22034852
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
-$269
Cap Rate
5.3%
Cash-on-Cash Return
-3.7%
Debt Coverage Ratio
0.86
Internal Rate of Return (5 years)
0.4%

Purchase Details

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Purchase price:
$380,000
Amount financed:
-$304,000
Down payment:
$76,000
Closing costs:
$11,400
Rehab costs:
$0
Initial cash invested:
$87,400
Square feet:
2,400
Cost per square foot:
$158
Monthly rent per square foot:
$1.04

Financing Details

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Loan amount:
$304,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,947
Property tax:
$0
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,122

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (2%)
2%-$47-$564
Total operating expenses: (27%)
27%-$672-$8,064

Cash Flow


Monthly Yearly
Net operating income:
$1,678 $20,136
Mortgage payments:
-$1,947 -$23,364
Cash flow:
$269 $3,228