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10545 Huckleberry Court Noblesville, IN 46060

3 Beds 2 Baths 1,682 sqft Built 1999

$215,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $127.82
  • 3 Days on Market
  • MLS # : 21771710
  • Updated Date : 03/19/2021 at 16:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,682 sqft
  • Baths : 2 full
Listing Agent

Indy A-team Realty

Listing Agent's Description

Well cared for 3 bedroom 2 full bathroom ranch home located on a cul-de-sac in the Meadows Glen subdivision. This home features an open concept and split floorplan with a large great room that has cathedral ceilings, a fireplace, laminate flooring and open to the dining room with plenty of space for a large table. The bedrooms also all have laminate flooring with generous living space. Master bedroom has a cathedral ceiling with plenty of natural light and an en-suite bathroom with separate tub/shower & master closet. Enjoy the screened in back porch or the large fenced in backyard. Within minutes to shopping, dining and entertainment.

SEE MORE

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
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$747
Property Tax -$350
Property Insurance -$60
HOA -$33
Property Management Fees -$131
CASH FLOW
$130

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.

$215,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.67%

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$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$12,927

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,592

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,335
1$1,3352$1,4503$1,4754$1,600
$1,600
RENT COMPS ANALYSIS
  • 10545 Huckleberry Court Noblesville, IN 2
    • 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.86
    •  
  • 19182 Welkin Court Noblesville, IN 1
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1998
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,335
    • $0.86
    •  
  • 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
Rachelle Whitaker
1.317.833.7718
Indy A-team Realty
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21771710
Last Updated: 03/19/2021
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