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

19215 Cumberland Road Noblesville, IN 46060

3 Beds 2 Baths 1,618 sqft Built 1966

$220,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $135.97
  • 6 Days on Market
  • MLS # : 21770137
  • Updated Date : 03/11/2021 at 09:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,618 sqft
  • Baths : 2 full
Listing Agent

Carpenter, Realtors®

Listing Agent's Description

Well maintained 3 bed 2 bath brick ranch with 2 car garage in quiet neighborhood. Mature trees with nice size private fenced yard. Wood burning fireplace, partial hardwoods and nice concrete patio. Great location close to schools, churches, Forest Park, walking trails, and walking distance to Potters Bridge Park.

SEE MORE

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
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$764
Property Tax -$311
Property Insurance -$58
Property Management Fees -$121
CASH FLOW
$86

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.

$220,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.61%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$10,921

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,284

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,245
1$1,2452$1,3253$1,3404$1,500
$1,500
RENT COMPS ANALYSIS
  • 19215 Cumberland Road Noblesville, IN 3
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.83
    •  
  • 1410 Hamilton Drive Noblesville, IN 1
    • 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1950
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.72
    •  
  • 543 Woodview Drive Noblesville, IN 2
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1958
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.82
    •  
  • 9620 East 191st Street Noblesville, IN 4
    • 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1967 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1967
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
PROPERTY LISTING DETAILS
Mark Carney
Carpenter, Realtors®
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21770137
Last Updated: 03/11/2021
BESbswy