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10461 Sienna Drive Noblesville, IN 46060

3 Beds 2 Baths 1,455 sqft Built 2001

$189,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $130.52
  • 3 Days on Market
  • MLS # : 21760823
  • Updated Date : 01/15/2021 at 17:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,455 sqft
  • Baths : 2 full
Listing Agent

Re/max Ability Plus

Listing Agent's Description

This 3 bedrooms 2 bath home is move-in condition. Featuring walk-in closets large vaulted great room, nice kitchen nook with plenty of cabinet space. Beautiful laminate flooring lot of windows to let in natural light. Fenced in back yard to entertain friends and family. Come see this home you will not be disappointed.

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

Neighborhood: Meadows Knoll

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $119k252k

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

Neighborhood: Meadows Knoll

NeighborhoodNIR 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
White River Elementary School Primary Regular 721 32 5
Noblesville East Middle School Middle Regular 1,018 57 7
Noblesville High School High Regular 2,685 137 8

White River Elementary School

  • Education Level: Primary
  • # of students: 721
  • # of teachers: 32
5
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
 

$170,910$208,890$189,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$660
Property Tax -$315
Property Insurance -$55
HOA -$33
Property Management Fees -$128
CASH FLOW
$229

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.

$189,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.6%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,074

INVESTMENT

$56,074

Down Payment
$47,475
Rehab Estimate
$5,750
Closing Costs
$2,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,475
Loan Amount $142,425
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$22,045

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,450

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4253$1,4754$1,600
$1,600
RENT COMPS ANALYSIS
  • 10461 Sienna Drive Noblesville, IN 1
    • 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.98
    •  
  • 10360 Steeplebush Court Noblesville, IN 2
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1996
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.01
    •  
  • 19551 Amber Way Noblesville, IN 3
    • 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 2001
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.05
    •  
  • 19009 Fairfield Boulevard Noblesville, IN 4
    • 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 1991
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
PROPERTY LISTING DETAILS
Kevin P. Elson
1.317.281.2575
Re/max Ability Plus
BESbswy