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15555 Sibley Lane Noblesville, IN 46060

3 Beds 3 Baths 2,280 sqft Built 2009

$255,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $111.84
  • 4 Days on Market
  • MLS # : 21768933
  • Updated Date : 03/05/2021 at 13:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,280 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Scheetz

Listing Agent's Description

Welcome home to this 3BR, 2.5BA house in this great location in Noblesville. This well cared home is located on a corner lot. Kitchen has a large island and stainless steal appliances. The kitchen opens to the great room with a gaslog fireplace. Access to paver rear patio via slider. The master suite has vaulted ceiling and bathroom has dual sinks, garden tub and separate walk-in shower. Large walk in closet. In addition to the two bedrooms, there is a flexible loft space that could be easily used as an office space or converted to a 4th bedroom. This home is move in ready! [Dining room is currently being used as an office.]

SEE MORE

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
Promise Road Elementary School Primary Unknown 678 32 NA
Noblesville East Middle School Middle Regular 1,018 57 7
Noblesville High School High Regular 2,685 137 8

Promise Road Elementary School

  • Education Level: Primary
  • # of students: 678
  • # of teachers: 32
NA
GreatSchools Rating

Noblesville East Middle School

  • Education Level: Middle
  • # of students: 1,018
  • # of teachers: 57
7
GreatSchools Rating

Noblesville High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 137
8
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$886
Property Tax -$437
Property Insurance -$71
HOA -$32
Property Management Fees -$147
CASH FLOW
$57

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.

$255,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.64%

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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,130

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,653

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5493$1,5954$1,6305$1,650
$1,650
RENT COMPS ANALYSIS
  • 15555 Sibley Lane Noblesville, IN 4
    • 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.71
    •  
  • 15312 Black Gold Court Noblesville, IN 1
    • 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2011
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.74
    •  
  • 10220 Cumberland Pointe Boulevard Noblesville, IN 2
    • 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2007
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.71
    •  
  • 15433 Border Drive Noblesville, IN 3
    • 3 beds 3 baths ∙ 2,377 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,377 Sqft ∙ Built 2006
    property image
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.67
    •  
  • 15158 Proud Truth Drive Noblesville, IN 5
    • 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 2009
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
PROPERTY LISTING DETAILS
Luci Chalian
Century 21 Scheetz
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768933
Last Updated: 03/05/2021
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