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14266 Marilyn Road Noblesville, IN 46060

3 Beds 3 Baths 1,816 sqft Built 2005

$214,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $117.84
  • 4 Days on Market
  • MLS # : 21768785
  • Updated Date : 03/06/2021 at 16:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,816 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Home

Listing Agent's Description

Nothing can be more expensive than a missed opportunity! You’ll want to take advantage of this fantastic opportunity to live within HSE Schools, minutes from everything HTC has to offer, close to every imaginable commuting corridor, and have the beauty & serenity of pond views and the privacy of open greenspace as far as the eye can see. You’ll love the comfortable, functional living spaces in this 3 bedroom, 2.5 bath home with a bright & sunny loft, eat-in kitchen w/patio access for effortless summer entertaining, a warm & inviting great room w/gas log fireplace, spacious master w/garden tub, generous bedrooms w/walk-ins, upper laundry, wired for surround sound throughout & many other fabulous upgrades. The opportunity is all yours!

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
 

$192,600$235,400$214,000

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 -$743
Property Tax -$328
Property Insurance -$62
HOA -$23
Property Management Fees -$119
CASH FLOW
$45

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.

$214,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.62%

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$62,460

INVESTMENT

$62,460

Down Payment
$53,500
Rehab Estimate
$5,750
Closing Costs
$3,210

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$743

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,500
Loan Amount $160,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$7,070

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
  • $0.73

    LIST RENT PER SQFT
  • $1,389

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,3753$1,3954$1,4755$1,550
$1,550
RENT COMPS ANALYSIS
  • 14266 Marilyn Road Noblesville, IN 1
    • 3 beds 3 baths ∙ 1,816 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,816 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.73
    •  
  • 12591 Buck Run Drive Noblesville, IN 2
    • 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 2006
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.78
    •  
  • 12176 Lindley Drive Noblesville, IN 3
    • 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 2005
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.75
    •  
  • 14169 Clapboard Drive Noblesville, IN 4
    • 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 2006
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.76
    •  
  • 12189 Halite Lane Fishers, IN 5
    • 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2006
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.77
    •  
PROPERTY LISTING DETAILS
James Junkins
1.317.523.5970
Berkshire Hathaway Home
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768785
Last Updated: 03/06/2021
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