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19210 Edgewood Lane Noblesville, IN 46060

3 Beds 2 Baths 1,629 sqft Built 1968

$210,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $128.91
  • 3 Days on Market
  • MLS # : 21768144
  • Updated Date : 02/27/2021 at 16:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,629 sqft
  • Baths : 2 full
Listing Agent

Lincoln Realty, Inc

Listing Agent's Description

This custom built home is nestled on almost half acre corner lot in an established neighborhood with tree lined streets.Family room-kitchen opens up to a Spacious 16 x 20 Sun Room via divided light French doors . The family room features a Gas Log FIREPLACE. The Sun Room opens to a fenced area with a fire pit and patio. All appliances and window coverings stay. Gas Furnace, Water Heater Range. 2 Mini Barns. On Septic and Municipal Water. IMMEDIATE MOVE IN AT CLOSING.

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PRICE & RENT TRENDS

Neighborhood: Greenvalley Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $119k252k

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

Neighborhood: Greenvalley Estates

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 East Middle School Middle Regular 1,018 57 7
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 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
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$729
Property Tax -$297
Property Insurance -$59
Property Management Fees -$123
CASH FLOW
$162

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.

$210,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 4.6%
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

PROJECTED ANNUAL CASH FLOW

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

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$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$17,154

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,352

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3703$1,500
$1,500
RENT COMPS ANALYSIS
  • 19210 Edgewood Lane Noblesville, IN 2
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.84
    •  
  • 543 Woodview Drive Noblesville, IN 1
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1958
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.82
    •  
  • 9620 East 191st Street Noblesville, IN 3
    • 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1967 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1967
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
PROPERTY LISTING DETAILS
Laurin A. Smith
Lincoln Realty, Inc
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21768144
Last Updated: 02/27/2021
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