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14978 Lovely Dove Lane Noblesville, IN 46060

3 Beds 3 Baths 1,621 sqft Built 2006

INVESTimate

$205,000

List Price

$1,330

$1,197 - $1,463

Rent Est.

$213,344  ( +4.07%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $126.47
  • 6 Days on Market
  • MLS # : 21734271
  • Updated Date : 08/24/2020 at 08:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,621 sqft
  • Baths : 2 full , 1 half
Listing Agent

F.c. Tucker Company

Listing Agent's Description

Wonderful 3 bedroom home in popular Meadows of Shelbourne! Noblesville address, Hamilton Southeastern Schools. This bright and airy floor plan is very open. Vaulted ceilings on the main level. New, luxury vinyl plank flooring throughout the first floor. Incredibly spacious kitchen with loads of countertop space and an amazing walk in pantry. Bright white cabinets and new lighting make it absolutely charming. Upstairs, three very comfortable bedrooms and a master with its own en suite. Enjoy all that Deer Path has to offer - walking paths, the pool and playground. Very near Hamilton Town Center, shopping and the interstate.

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

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
Fall Creek Intermediate School Primary Regular 1,219 56 7
Fall Creek Intermediate School Middle Regular 1,219 56 7
Hamilton Southeastern High School High Regular 3,017 135 9

Fall Creek Intermediate School

  • Education Level: Primary
  • # of students: 1,219
  • # of teachers: 56
7
GreatSchools Rating

Fall Creek Intermediate School

  • Education Level: Middle
  • # of students: 1,219
  • # of teachers: 56
7
GreatSchools Rating

Hamilton Southeastern High School

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

$184,500$225,500$205,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$756
Property Tax -$312
Property Insurance -$58
HOA -$25
Property Management Fees -$120
CASH FLOW
$58

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.

$205,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.07%
Maintenance Year (1-5) 8.00%
Vacancy 8.07%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$9,685

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,349

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3303$1,3524$1,3755$1,425
$1,425
RENT COMPS ANALYSIS
  • 14978 Lovely Dove Lane Noblesville, 2
    • 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.82
    •  
  • 12401 Cricket Song Lane Noblesville, 1
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2011
    property image
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
  • 12691 Buck Run Drive Noblesville, 3
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2008
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,352
    • $0.88
    •  
  • 12591 Buck Run Drive Noblesville, 4
    • 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 2006
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.78
    •  
  • 15268 Royal Grove Drive Noblesville, 5
    • 4 beds 2 baths ∙ 1,691 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,691 Sqft ∙ Built 2012
    property image
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.84
    •  
PROPERTY LISTING DETAILS
Whitney Kesler
F.c. Tucker Company
BESbswy