




A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Cloverdale at 10932 N Us Highway 231, Cloverdale, IN, 46120 earns $417/mo cash flow from $3,115/mo rent with a $2,200/mo payment. Total monthly income totals $3,115/mo, and annual cash flow totals $5,002/yr on $149,009 capital. ROI tracks 23.27% on current figures, and rental yield reads 8.32% at a $449,500 purchase. Equity gained on principal adds $2,901/yr, and 5% annual appreciation supports $124,189 over five years. Five-year ROI reaches 120.6% and total cumulative return in cash sums $179,705. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,115/mo property income instead of your personal income.
Single Family
Built in 1999
5.84 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46120, Cloverdale, IN area.
| 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 |
Residential
2,414
Single Family
2,414
Multi-Family
0
Businesses
184
Date | Event | Price |
|---|---|---|
| 2025-07-31 | Listing removed | $450,000 |
| 2025-07-14 | Listed for sale | $450,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-18 | $1910.32 | 10.05% | $270,900 | 11.62% |
| 2023-10-18 | $1735.84 | 10.07% | $242,700 | 12.94% |
| 2022-10-18 | $1577.04 | 3.07% | $214,900 | 19.72% |



Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A