11404 N Biscayne LnCromwellIN46732
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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
Rental property for sale in Cromwell at 11404 N Biscayne Ln, Cromwell, IN, 46732 generates $2,873/mo in rent, after a $2,716/mo payment. Total monthly income is $2,873/mo. Return on cash invested sits at 17.05% in year one, and rental yield is 6.21% on a $555,000 entry. Equity gained on principal adds $3,581/yr, while 5% annual appreciation builds toward $153,336 over five years. Five-year ROI reaches 87.23% and total cumulative return in cash sums $159,272. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,873/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
0.52 Acres 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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Listed by: Vince Beasley • Northern Lakes Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202432212
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.