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12108 East 141st Street Noblesville, IN 46060

3 Beds 3 Baths 1,472 sqft Built 2006

$209,900

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $142.60
  • 4 Days on Market
  • MLS # : 21769354
  • Updated Date : 03/05/2021 at 00:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,472 sqft
  • Baths : 2 full , 1 half
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Amazing! Don't miss this well maintained 3 Bedroom, 2 Bath home conveniently located near Hamilton Town Center and I-69. This open concept home has living room w/ dramatic cathedral ceilings, wood burning fireplace that flows into kitchen & dining room area, & plenty of windows. Recent updates to include newer siding, updated light fixtures/fans, and new garage door mechanism. Lots of Storage in Garage w/ additional storage space added. White Privacy fence was installed creating a perfect cozy outdoor setting to relax & enjoy the beautifully landscaped yard w/ lots of easy to maintain perennials. Homeowners routinely maintain HVAC and other mechanicals in home and it is well taken care of. Check it out today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Marilyn Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k271k

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

Neighborhood: Marilyn Ridge

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2100010501100115012001250130013501400145015001550Rent in $9691588

* 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
Sand Creek Elementary School Primary Regular 827 38 6
Fishers Junior High School Middle Regular 1,072 56 8
Fishers High School High Regular 2,964 134 9

Sand Creek Elementary School

  • Education Level: Primary
  • # of students: 827
  • # of teachers: 38
6
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
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$729
Property Tax -$322
Property Insurance -$56
HOA -$23
Property Management Fees -$119
CASH FLOW
$72

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.

$209,900

PROJECTED PRICE

$1,320

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.0%
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-$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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$8,967

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,321

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3203$1,3254$1,3505$1,395
$1,395
RENT COMPS ANALYSIS
  • 12108 East 141st Street Noblesville, IN 2
    • 3 beds 3 baths ∙ 1,472 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,472 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.90
    •  
  • 14405 Cuppola Drive Noblesville, IN 1
    • 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 2004
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.90
    •  
  • 14735 Fawn Hollow Lane Noblesville, IN 3
    • 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 2000
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.85
    •  
  • 12157 Maize Drive Noblesville, IN 4
    • 3 beds 3 baths ∙ 1,580 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,580 Sqft ∙ Built 2006
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.85
    •  
  • 12238 East 141st Street Noblesville, IN 5
    • 3 beds 3 baths ∙ 1,414 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,414 Sqft ∙ Built 2007
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.99
    •  
PROPERTY LISTING DETAILS
P. Aaron Starr
1.317.439.1933
F.c. Tucker Company
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21769354
Last Updated: 03/05/2021
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