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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $152.53
- 3 Days on Market
- MLS # : 21764753
- Updated Date : 02/05/2021 at 22:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,245 sqft
- Baths : 2 full
Listing Agent
Brg Realty Partners
Listing Agent's Description
Picture perfect in everyway! Immaculate & upgraded 3 bedroom 2 bath ranch in coveted & conveniently located Lakes at Prairie Crossing. Pride of ownership abounds in this open floorplan light filled space! Efficient & very livable floorplan with vaulted Great Room. All SS kitchen appliances & washer/dryer convey with the home. Recent upgrades includes slate entry, premium laminate vinyl plank HW's in LR, kitchen, DR & hallway, new light fixtures, kitchen & bath fixtures & door & cabinet hardware updated to stylish rubbed bronze, complete interior paint, new water heater & garage door opener makes this one better than new & terrific value. Wonderful commuter location with easy access to retail, restaurants, leisure activities. A must see!
SEE MORE
- 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)
- 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)
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 | $1,250 |
| EXPENSES | Loan Payment | -$660 |
| Property Tax | -$309 | |
| Property Insurance | -$51 | |
| HOA | -$20 | |
| Property Management Fees | -$113 | |
|
CASH FLOW
$98
|
||
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.
$189,900
PROJECTED PRICE
$1,250
PROJECTED RENT
0.66%
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
$56,074
LOAN DETAILS
$660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $47,475 |
| Loan Amount | $142,425 |
5.08
YEARS SAVED
$10,145
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,250
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,124
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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19398 Links Lane Noblesville, IN 1
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- Rent Per SQFT
- $1,250
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19207 Fox Chase Drive Noblesville, IN 2
- 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 3
- 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
-
6544 Longboat Key Circle Noblesville, IN 5
- 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1998
LEASED 09/19/20- Rent
- Rent Per SQFT
- $1,375
- $0.94
PROPERTY LISTING DETAILS
Brg Realty Partners
