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19398 Links Lane Noblesville, IN 46062

3 Beds 2 Baths 1,245 sqft Built 2013

$189,900

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
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

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
 

$170,910$208,890$189,900

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

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

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

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$56,074

INVESTMENT

$56,074

Down Payment
$47,475
Rehab Estimate
$5,750
Closing Costs
$2,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,475
Loan Amount $142,425
See What Happens When You Reinvest Cash Flow

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
$1,250
1$1,2502$1,2703$1,2954$1,3355$1,375
$1,375
RENT COMPS ANALYSIS
  • 19398 Links Lane Noblesville, IN 1
    • 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.00
    •  
  • 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
Sherrie T. Schueth
Brg Realty Partners
BESbswy