Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

18948 Round Lake Rd Noblesville, IN 46060

3 Beds 2 Baths 1,643 sqft Built 2000

$270,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $164.33
  • 4 Days on Market
  • MLS # : 21760241
  • Updated Date : 01/15/2021 at 09:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,643 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Indy Metro W

Listing Agent's Description

Golf | Course | Views | With cathedral ceilings, an open floor plan, and updates throughout; you're going to love moving right in to this cozy all brick- yes you read that right- all brick ranch. Your backyard features a nice new composite deck overlooking the fairway at Fox Prairie. The location can't be beat, minutes from walking trails, Potters Bridge, Forest Park, Historic Downtown Noblesville, Federal Commons, and Morse Reservoir. There's plenty of space to store all the toys, or put your workshop in the 10' bumpout in addition to the 2 car attached garage. Schedule your showing today!

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Greens at Prairie Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $119k252k

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

Neighborhood: Greens at Prairie Crossing

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2105011001150120012501300135014001450150015501600165017001750Rent in $10401773

* 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
North Elementary School Primary Regular 531 26 7
Noblesville West Middle School Middle Regular 1,332 63 8
Noblesville High School High Regular 2,685 137 8

North Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 26
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
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$938
Property Tax -$440
Property Insurance -$59
HOA -$20
Property Management Fees -$146
CASH FLOW
$18

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.

$270,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.60%

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-$4.0k-$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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$6,704

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,487

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,2953$1,4354$1,6205$1,825
$1,825
RENT COMPS ANALYSIS
  • 18948 Round Lake Rd Noblesville, IN 4
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.99
    •  
  • 19207 Fox Chase Drive Noblesville, IN 1
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2001
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.89
    •  
  • 18827 Prairie Crossing Drive Noblesville, IN 2
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2004
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.92
    •  
  • 7563 Hollow Reed Court Noblesville, IN 3
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1999
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.87
    •  
  • 18760 Tillamook Run E Noblesville, IN 5
    • 3 beds 2 baths ∙ 1,949 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,949 Sqft ∙ Built 2014
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.94
    •  
PROPERTY LISTING DETAILS
Austin Mielczarek
Keller Williams Indy Metro W
BESbswy