1002 Norfolk RdKingsford HeightsIN46346
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Kingsford Heights rentals match the income profile of 1002 Norfolk Rd, Kingsford Heights, IN, 46346. Listed at $272,490, gross rent is $3,121/mo and net cash flow is $1,485/mo, a 13.75% yield well above national averages. DSCR 2.55 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $75,284 by year five with $2,510/yr in annual principal reduction, projecting $198,679 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.8% | 8.0% |
| Monthly Cash Flow | $1,485 | $300 |
City averages based on Kingsford Heights market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,121 |
| Total Monthly Debt Service | $1,527 |
| DSCR Ratio | 2.04x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46346, Kingsford Heights, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 522 (100%) |
| Owner Occupied HU | 319 (61.1%) |
| Renter Occupied HU | 145 (27.8%) |
| Vacant Housing Units | 58 (11.1%) |
| Median Home Value | $109,012 |
| Average Home Value | $156,042 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 2025
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46346, Kingsford Heights, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 522 (100%) |
| Owner Occupied HU | 319 (61.1%) |
| Renter Occupied HU | 145 (27.8%) |
| Vacant Housing Units | 58 (11.1%) |
| Median Home Value | $109,012 |
| Average Home Value | $156,042 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Octavia Valencia • Octavia Valencia, Broker
Mls Name: NIRA as distributed by MLS GRID
Mls Provider:
Mls ID: #832821
Disclaimer: Based on information submitted to the MLS GRID as of 2026-04-06 09:57:47 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)