10870 Matherly WayNoblesvilleIN46060
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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 Noblesville at 10870 Matherly Way, Noblesville, IN, 46060 uses $125,937 cash to close to unlock $6,575/yr annual cash flow and $548/mo monthly cash flow. Total monthly income runs $2,828/mo, and a $1,859/mo payment keeps the spread at $548/mo. Purchase price stands at $379,900, and rental yield measures 8.93% with $2,828/mo rent. Return on cash invested shows 25.13% in year one, and 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 130.57% and total cumulative return in cash records $164,441. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,828/mo property income covering a $1,859/mo payment rather than investor’s personal income.
Condo
Built in 2016
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46060, Noblesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,550 (100%) |
| Owner Occupied HU | 12,660 (64.8%) |
| Renter Occupied HU | 5,790 (29.6%) |
| Vacant Housing Units | 1,100 ( 5.6%) |
| Median Home Value | $345,844 |
| Average Home Value | $407,062 |
Housing Distribution
Address Breakdown
Residential
18,803
Single Family
16,481
Multi-Family
2,322
Businesses
1,419
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Listed by: Heather Upton • Keller Williams Indy Metro NE
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22069148