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$650,000

For Sale - Active
18725 Wychwood Pl, Noblesville, IN 46062
5 Beds
4.0 Baths
5,657 Square Feet
0.24 Acres Lot
Built in 2006
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Apr 23, 2025 at 04:30PM

Investment Summary


Monthly Cash Flow
-$336
Cap Rate
5.5%
Cash-on-Cash Return
-2.7%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.4%

Property Description


0.24 Acres Lot
Built in 2006
For Sale - Active
Units n/a

Welcome to luxury living in Noblesville! This stunning 5-bed, 3.5-bath home spans an impressive 6,234 sq ft of meticulously crafted living space. Upon entering, you're greeted by a spacious layout that includes freshly painted common areas and a large second floor loft, ideal for relaxation or entertainment. The recently updated and reimagined primary bathroom boasts modern finishes and arched doorways, enhancing the en-suite's appeal. The heart of this home is its beautifully appointed kitchen, featuring modern appliances and an adjoining wet bar/butler's pantry. Step outside onto the screened porch, perfect for enjoying morning coffee or evening gatherings with family and friends. Additional highlights include a three-car garage with workshop space, new furnace and air conditioner, new water heater, and a water softener for added convenience. The basement is a haven for entertainment enthusiasts, featuring a custom epoxy floor coating, arcade/theater area, and ample room for recreation. Schedule your private tour today and envision yourself living in the lap of luxury at Settlers Mill.

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Location


Property Details


Parking

  • Description: Attached
  • Details: Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 15
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full, Partially Finished
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter

HOA

  • Has HOA: Yes
  • HOA Fee: $500/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 290627012004.000013
  • Lot Size: 10454 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: TraditonalAmerican
  • Year Built: 2006

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Forced Air

Location

  • County: Hamilton

Listing Details


Listed by:
Ryan Dilley
Trueblood Real Estate
(765) 412-6761

Source:
MIBOR Broker Listing Cooperative
MLS#: 22020665
MIBOR Broker Listing Cooperative

Investment Summary


Monthly Cash Flow
-$336
Cap Rate
5.5%
Cash-on-Cash Return
-2.7%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.4%

Purchase Details

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Purchase price:
$650,000
Amount financed:
-$520,000
Down payment:
$130,000
Closing costs:
$19,500
Rehab costs:
$0
Initial cash invested:
$149,500
Square feet:
5,657
Cost per square foot:
$115
Monthly rent per square foot:
$0.78

Financing Details

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Loan amount:
$520,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principle & interest:
$3,330
Property tax:
$0
Insurance:
$308
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,638

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,400 $52,800
Vacancy loss: (6%)
6% -$264 -$3,168
Operating income:
$4,136 $49,632

Operating Expenses


% Rent Monthly Yearly
Property taxes: (0%)
0%$0$0
Insurance: (7%)
7%-$308-$3,696
Property management: (8%)
8%-$352-$4,224
Repairs & maintenance: (5%)
5%-$220-$2,640
Capital expenditures: (5%)
5%-$220-$2,640
HOA fees: (1%)
1%-$42-$504
Total operating expenses: (26%)
26%-$1,142-$13,704

Cash Flow


Monthly Yearly
Net operating income:
$2,994 $35,928
Mortgage payments:
-$3,330 -$39,960
Cash flow:
$336 $4,032