10816 N Us Highway 231, Cloverdale, IN, 46120 | 3.66% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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10816 N Us Highway 231, Cloverdale, IN, 46120 | 3.66% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cloverdale at 10816 N Us Highway 231, Cloverdale, IN, 46120 offers a 3.66% rental yield on a $315,000 purchase with $960/mo rent. 21% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 45.21% and total cumulative return in cash at $47,213. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $960/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1972

1.86 Acres lot

$N/A/sqft

No HOA

More details about the property

Check out this very cute 3 bedroom 1 and 1/2 bath RANCH Style home situated on 1.86 acres in rural Cloverdale.This home also features A Huge pole barn that could be used for SO many things, situated on the back corner of the lot and located just the ideal distance away from the house. The huge Flat yard with its Pet Safe invisible fence will make a great place for your doggies to run around and play. Also a wonderful spot for a HUGE garden if thats a hobby you like to dabble in. You will still have plenty of room to set up lots of fun yard games for when you're entertaining friends and family. The concrete patio situated right outside the kitchen door, makes your outside barbecues and dining a VERY CONVIENT! Inside you will fall in LOVE with the VERY BIG but COZY Living room with it HUGE window letting lots of natural light flow into the space The big stone fireplace makes for a perfect spot to get comfy in front of on those cool fall/winter evenings. Down the hallway you will find 2 bedrooms and a full bath along with the primary bedroom with a half bath. The laundry closet is conveniently located in the center of the home and the door entering into the garage is in the kitchen so the grocery haul from the car to the kitchen is a short/easy one!

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