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18994 Prairie Crossing Drive Noblesville, IN 46062

3 Beds 2 Baths 1,575 sqft Built 2001

$200,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $126.98
  • 3 Days on Market
  • MLS # : 21765433
  • Updated Date : 02/19/2021 at 09:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,575 sqft
  • Baths : 2 full
Listing Agent

F.c. Tucker Company

Listing Agent's Description

You'll fall in love with this ranch home situated on a golf course in charming Noblesville! Wonderful open floor plan w/ soaring ceilings enhances the spaciousness of the great room & dining room w/ lots of natural light from the windows overlooking the golf course & skylights. Eat in kitchen w/tons of counter & cabinet space. Convenient split bedroom floor plan. Master retreat w/attached bath & walk-in closet. Two additional nice sized bedrooms & bath on the other side of the home. Enjoy your favorite book in the sunroom which provides relaxing views of the golf course. Recent updates include new furnace, water heater, new carpeting throughout, new kitchen appliances, updated shower in master bath & more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fairways at Praire Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k289k

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

Neighborhood: Fairways at Praire Crossing

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
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
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$695
Property Tax -$326
Property Insurance -$58
HOA -$20
Property Management Fees -$117
CASH FLOW
$85

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.

$200,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.1%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$9,330

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,394

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,2953$1,3004$1,3355$1,435
$1,435
RENT COMPS ANALYSIS
  • 18994 Prairie Crossing Drive Noblesville, IN 3
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
  • 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
    •  
  • 19182 Welkin Court Noblesville, IN 4
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1998
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,335
    • $0.86
    •  
  • 7563 Hollow Reed Court Noblesville, IN 5
    • 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
    •  
PROPERTY LISTING DETAILS
Kay Kammeyer
1.317.698.7109
F.c. Tucker Company
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21765433
Last Updated: 02/19/2021
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