Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10196 Cumberland Pointe Boulevard Noblesville, IN 46060

3 Beds 3 Baths 1,969 sqft Built 2007

INVESTimate

$199,900

List Price

$1,330

$1,197 - $1,463

Rent Est.

$208,995  ( +4.55%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $101.52
  • 10 Days on Market
  • MLS # : 21732235
  • Updated Date : 08/25/2020 at 09:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,969 sqft
  • Baths : 2 full , 1 half
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Come see this move-in ready, well maintained home located in the Horizons at Cumberland neighborhood in Noblesville! You will love this 3 bedroom, 2.5 bath, open concept home with a loft & 2 car attached garage. Enjoy entertaining family & friends in the great room w/ tons of natural light! Cooking will be a breeze in the eat-in kitchen with tons of cabinetry & counter space for food prep. All appliances stay, even the washer & dryer! Loft at the top of the stairs could double as a second living space or office. The master suite boasts a walk-in closet & a private bath w/ a garden tub/shower combo! The other 2 bedrooms are spacious & offer sizable closets! Low taxes & utilities & close to restaurants & shopping! This is a definite must see!

SEE MORE

  • 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)
  • 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)

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
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$738
Property Tax -$326
Property Insurance -$65
HOA -$26
Property Management Fees -$120
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.

$199,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.55%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$8,867

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,450

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,3303$1,3454$1,3955$1,525
$1,525
RENT COMPS ANALYSIS
  • 10196 Cumberland Pointe Boulevard Noblesville, 2
    • 3 beds 3 baths ∙ 1,946 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,946 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.68
    •  
  • 10208 Cumberland Pointe Boulevard Noblesville, 1
    • 4 beds 3 baths ∙ 1,596 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,596 Sqft ∙ Built 2006
    property image
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.74
    •  
  • 10175 Cumberland Point Boulevard Noblesville, 3
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2007
    property image
    LEASED 04/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.76
    •  
  • 10023 Sapphire Berry Lane Fishers, 4
    • 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2000
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.74
    •  
  • 15312 Black Gold Court Noblesville, 5
    • 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2011
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.74
    •  
PROPERTY LISTING DETAILS
Lindsey K. Smalling
F.c. Tucker Company
BESbswy