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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 46060
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$62,964
LOAN DETAILS
$750
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $53,975 |
| Loan Amount | $161,925 |
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
-
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
1.317.508.1194
Right House Realty, Llc
