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10051 Golden Drive Noblesville, IN 46060

3 Beds 3 Baths 1,662 sqft Built 2008

$215,900

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $129.90
  • 3 Days on Market
  • MLS # : 21763758
  • Updated Date : 01/30/2021 at 13:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,662 sqft
  • Baths : 2 full , 1 half
Listing Agent

Right House Realty, Llc

Listing Agent's Description

Welcoming open main floor with a family room with wood fireplace. The master bedroom features a cathedral ceiling and all bedrooms have walk-in closets. Built with numerous upgrades, stainless stell appliances. This home has new laminate flooring & fresh paint. With it's large fenced in backyard and large deck, there's room to raom and relax. Don't miss out.

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

Zip Code: 46060

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $119k252k

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

Zip Code: 46060

ZipNIR Market*CityMarket2010Year2000 Q32019 Q210501100115012001250130013501400145015001550Rent in $10401588

* 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
Promise Road Elementary School Primary Unknown 678 32 NA
Noblesville East Middle School Middle Regular 1,018 57 7
Noblesville High School High Regular 2,685 137 8

Promise Road Elementary School

  • Education Level: Primary
  • # of students: 678
  • # of teachers: 32
NA
GreatSchools Rating

Noblesville East Middle School

  • Education Level: Middle
  • # of students: 1,018
  • # of teachers: 57
7
GreatSchools Rating

Noblesville High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 137
8
GreatSchools Rating
 

$194,310$237,490$215,900

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$750
Property Tax -$352
Property Insurance -$59
HOA -$21
Property Management Fees -$122
CASH FLOW
$56

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.

$215,900

PROJECTED PRICE

$1,360

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.6%
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

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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,964

INVESTMENT

$62,964

Down Payment
$53,975
Rehab Estimate
$5,750
Closing Costs
$3,239

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$750

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,975
Loan Amount $161,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$7,612

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,355

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,3003$1,3604$1,3955$1,495
$1,495
RENT COMPS ANALYSIS
  • 10051 Golden Drive Noblesville, IN 3
    • 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.82
    •  
  • 10171 Cumberland Pointe Boulevard Noblesville, IN 1
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 2007
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.86
    •  
  • 15273 Beam Street Noblesville, IN 2
    • 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2006
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.74
    •  
  • 15490 Border Drive Noblesville, IN 4
    • 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 2005
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.82
    •  
  • 10097 Cumberland Pointe Boulevard Noblesville, IN 5
    • 3 beds 3 baths ∙ 1,781 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,781 Sqft ∙ Built 2010
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
PROPERTY LISTING DETAILS
Richard L. Howenstine
1.317.508.1194
Right House Realty, Llc
BESbswy