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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakes at Prairie Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$62,725
LOAN DETAILS
$747
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
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
-
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
Re/max Edge
