103 N Lafayette StCloverdaleIN46120
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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
Investment Highlights
Investment property for sale in Cloverdale at 103 N Lafayette St, Cloverdale, IN, 46120 at $156,000 posts ROI 61.22% with $1,780/mo cash flow from $2,752/mo rent. Total monthly income equals $2,752/mo, and annual cash flow records $21,363/yr on $51,714 to close. Return on cash invested measures 61.22% and rental yield reads 21.17% at the current $156,000. Equity gained on principal adds $1,007/yr, and 5% annual appreciation supports $43,100 by year five. Five-year ROI prints 324.48% and total cumulative return in cash totals $167,802.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,752/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46120, Cloverdale, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,766 (100%) |
| Owner Occupied HU | 2,044 (73.9%) |
| Renter Occupied HU | 506 (18.3%) |
| Vacant Housing Units | 216 ( 7.8%) |
| Median Home Value | $200,155 |
| Average Home Value | $230,073 |
Housing Distribution
Address Breakdown
Residential
2,414
Single Family
2,414
Multi-Family
0
Businesses
184
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Nearby investment properties with comparable prices
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