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17930 Hollow Brook Court Noblesville, IN 46062

4 Beds 3 Baths 2,986 sqft Built 1993

$300,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $100.47
  • 3 Days on Market
  • MLS # : 21768378
  • Updated Date : 02/26/2021 at 13:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,986 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Home

Listing Agent's Description

Located at the end of a culdesac with spectactular views of the 4th & 5th fairway, this Pebble Brook home is a true find! This more than 2100 square foot also features a 3rd car garage, screened porch, wood burning fireplace + finished basement! All major mechanicals are less than 6 years old (HVAC + Water Heater + Humidifier/Dynamic Air Cleaner), Sump Pump & Battery Back up 2020, Roof was new in 2014 and Sewer Lateral 2017. New Frigidaire Wall Oven in kitchen! Full yard irrigation system. Great location & amenities - enjoy the pool, bball, golf course, bar + restaurant! Convenient to daycare, schools, shopping + the Midland Trail.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pebble Brook

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $119k271k

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

Neighborhood: Pebble Brook

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q21050110011501200125013001350140014501500155016001650Rent in $10401660

* 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
Hazel Dell Elementary School Primary Regular 702 32 7
Noblesville West Middle School Middle Regular 1,332 63 8
Noblesville High School High Regular 2,685 137 8

Hazel Dell Elementary School

  • Education Level: Primary
  • # of students: 702
  • # of teachers: 32
7
GreatSchools Rating

Noblesville West Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 63
8
GreatSchools Rating

Noblesville High School

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

$270,000$330,000$300,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,042
Property Tax -$489
Property Insurance -$85
HOA -$30
Property Management Fees -$174
CASH FLOW
$111

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.

$300,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 6.2%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$13,268

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,090

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,845
1$1,8452$1,930
$1,930
RENT COMPS ANALYSIS
  • 17930 Hollow Brook Court Noblesville, IN 2
    • 4 beds 3 baths ∙ 2,986 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,986 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.65
    •  
  • 19251 Outer Bank Road Noblesville, IN 1
    • 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2006
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.70
    •  
PROPERTY LISTING DETAILS
Erin Hundley
1.317.430.0866
Berkshire Hathaway Home
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768378
Last Updated: 02/26/2021
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