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11819 Wapiti Way Noblesville, IN 46060

3 Beds 3 Baths 2,224 sqft Built 2001

$225,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $101.17
  • 3 Days on Market
  • MLS # : 21765845
  • Updated Date : 02/12/2021 at 17:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,224 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Indy Metro Ne

Listing Agent's Description

Award-winning HSE Schools, 2224 sq ft, 3 bedrooms and a HUGE loft area! All New Carpet And Water-proof Luxury Vinyl Flooring, New Vanity Tops. Bright, Open Floor Plan With Large Family Room And Fireplace. Plenty of storage space, No Backyard Neighbors makes it Great For Entertaining! Convenient Access To I-69, Hamilton Town Center And Shopping/Dining On SR 37.

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
Harrison Parkway Elementary School Primary Regular 575 30 7
Fishers Junior High School Middle Regular 1,072 56 8
Fishers High School High Regular 2,964 134 9

Harrison Parkway Elementary School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 30
7
GreatSchools Rating

Fishers Junior High School

  • Education Level: Middle
  • # of students: 1,072
  • # of teachers: 56
8
GreatSchools Rating

Fishers High School

  • Education Level: High
  • # of students: 2,964
  • # of teachers: 134
9
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$782
Property Tax -$343
Property Insurance -$70
HOA -$21
Property Management Fees -$131
CASH FLOW
$113

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.

$225,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.65%

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$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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$12,323

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,523

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,5153$1,5354$1,5955$1,625
$1,625
RENT COMPS ANALYSIS
  • 11819 Wapiti Way Noblesville, IN 1
    • 3 beds 3 baths ∙ 2,224 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,224 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.66
    •  
  • 14954 Alysheba Drive Noblesville, IN 2
    • 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2005
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,515
    • $0.66
    •  
  • 14985 Deer Trail Drive Noblesville, IN 3
    • 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2005
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.71
    •  
  • 12221 Weathervane Drive Noblesville, IN 4
    • 3 beds 3 baths ∙ 2,388 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,388 Sqft ∙ Built 2003
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.67
    •  
  • 15543 Dusty Trail Noblesville, IN 5
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2004
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.70
    •  
PROPERTY LISTING DETAILS
Stephanie Cook
Keller Williams Indy Metro Ne
BESbswy