11400 N Memorial PkwyCromwellIN46732
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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 Cromwell at 11400 N Memorial Pkwy, Cromwell, IN, 46732 offers a 9.32% rental yield on a $390,800 purchase with $3,036/mo rent. Total monthly income registers $3,036/mo, and a $1,913/mo payment leaves $690/mo available for distribution. Annual cash flow reaches $8,278/yr on $129,550 to close, and return on cash invested stands at 26.3% in year one. Equity gained on principal adds $2,522/yr while 5% annual appreciation supports $107,971 over five years. Portfolio math shows five-year ROI at 136.85% and total cumulative return in cash at $177,295. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,036/mo property income against a $1,913/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46732, Cromwell, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,362 (100%) |
| Owner Occupied HU | 828 (60.8%) |
| Renter Occupied HU | 313 (23.0%) |
| Vacant Housing Units | 221 (16.2%) |
| Median Home Value | $197,222 |
| Average Home Value | $259,263 |
Housing Distribution
Address Breakdown
Residential
1,098
Single Family
1,098
Multi-Family
0
Businesses
49
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