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19304 Fox Chase Drive Noblesville, IN 46062

3 Beds 3 Baths 1,642 sqft Built 1999

$215,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $130.94
  • 3 Days on Market
  • MLS # : 21762623
  • Updated Date : 01/30/2021 at 14:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,642 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Edge

Listing Agent's Description

3 BR / 2.5 BA home in Lakes at Prairie Crossing. You'll be greeted by beautiful engineered hardwood flooring throughout the entry, dining room, & kitchen. The open concept main level is light & bright with large windows & neutral colors. Warm & inviting family room with wood burning fireplace and custom shiplap wall opens to spacious kitchen with eat-in area. Upper level includes the primary bedroom with en suite bath & walk-in closet, 2 additional beds, & guest bath. Spectacular fenced back yard with privacy and views of the golf course. Enjoy evenings entertaining on the deck, plenty of room for friends around the built-in bar & fire pit. Fantastic Noblesville location close to amenities and Morse Park. HVAC (2020), water heater (2018).

SEE MORE

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lakes at Prairie Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k283k

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

Neighborhood: Lakes at Prairie Crossing

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2100010501100115012001250130013501400145015001550Rent in $9921588

* 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
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$747
Property Tax -$350
Property Insurance -$59
HOA -$20
Property Management Fees -$124
CASH FLOW
$80

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.

$215,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 5.5%
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$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$9,382

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,515

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,2953$1,3454$1,3805$1,435
$1,435
RENT COMPS ANALYSIS
  • 19304 Fox Chase Drive Noblesville, IN 4
    • 3 beds 3 baths ∙ 1,642 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,642 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.84
    •  
  • 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
    property image
    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
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.92
    •  
  • 19566 Tradewinds Drive Noblesville, IN 3
    • 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1999
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $1.01
    •  
  • 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
    property image
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.87
    •  
PROPERTY LISTING DETAILS
Nicole Witt
Re/max Edge
BESbswy