116 Carrick Glen Blvd #T935NLPendletonIN46064
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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 Pendleton at 116 Carrick Glen Blvd #T935NL, Pendleton, IN, 46064 listed at $357,200 pairs $2,932/mo rent with a $1,748/mo payment to leave $788/mo cash flow. Total monthly income runs $2,932/mo, and annual cash flow reaches $9,457/yr on $118,412 cash to close. Return on cash invested measures 27.9% in year one, and rental yield registers 9.85% at a $357,200 basis. Equity gained on principal adds $2,305/yr, and annual property appreciation at 5% supports $98,688 by year five. Five-year ROI tracks 145.47% and total cumulative return in cash totals $172,254. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,932/mo property income relative to a $1,748/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46064, Pendleton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,339 (100%) |
| Owner Occupied HU | 5,147 (81.2%) |
| Renter Occupied HU | 879 (13.9%) |
| Vacant Housing Units | 313 ( 4.9%) |
| Median Home Value | $283,028 |
| Average Home Value | $322,206 |
Housing Distribution
Address Breakdown
Residential
6,945
Single Family
6,893
Multi-Family
52
Businesses
417
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