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12657 Brady Lane Noblesville, IN 46060

3 Beds 3 Baths 2,084 sqft Built 2008

$239,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $115.12
  • 3 Days on Market
  • MLS # : 21766286
  • Updated Date : 03/06/2021 at 00:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,084 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Indy Metro W

Listing Agent's Description

Desirable 3 bed, 2.5 bath with an open floor plan! Spacious eat-in kitchen with loads of countertop space & WI pantry. Enjoy the many benefits of the whole house water filtration system that helps improve the overall purity/taste/smell of your water. The generous sized living area can accommodate large furnishings & offers plenty of room for entertaining. Master suite features 2 large WIC's, double sinks & vaulted ceiling. Loft w/built-in computer cabinet! Newer roof & wtr heater. Fully fenced back yard & extended back patio; the perfect setting for outdoor activities, relaxing or BBQ time! Community pool/walking trails/soccer fields/parks & more! Close to Hamilton Town Center, I-69 & Ruoff Music Center! Situated in the HSE School district.

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PRICE & RENT TRENDS

Neighborhood: Deer Path of Noblesville

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $119k252k

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

Neighborhood: Deer Path of Noblesville

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
Sand Creek Elementary School Primary Regular 827 38 6
Fishers Junior High School Middle Unknown NA
Hamilton Southeastern High School High Regular 3,017 135 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:
  • # of teachers:
NA
GreatSchools Rating

Hamilton Southeastern High School

  • Education Level: High
  • # of students: 3,017
  • # of teachers: 135
9
GreatSchools Rating
 

$215,910$263,890$239,900

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 -$833
Property Tax -$366
Property Insurance -$67
HOA -$25
Property Management Fees -$131
CASH FLOW
$37

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.

$239,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.1%
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$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$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$7,263

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
  • $0.7

    LIST RENT PER SQFT
  • $1,584

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,5353$1,5504$1,6005$1,700
$1,700
RENT COMPS ANALYSIS
  • 12657 Brady Lane Noblesville, IN 1
    • 3 beds 3 baths ∙ 2,084 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,084 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.70
    •  
  • 14985 Deer Trail Drive Noblesville, IN 2
    • 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2005
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.71
    •  
  • 12655 Braddock Lane Noblesville, IN 3
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2008
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.74
    •  
  • 15385 Dry Creek Road Noblesville, IN 4
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2006
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.80
    •  
  • 12371 Deerview Drive Noblesville, IN 5
    • 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2005
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
PROPERTY LISTING DETAILS
Eric Forney
Keller Williams Indy Metro W
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21766286
Last Updated: 03/06/2021
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