11773 State Highway 243CloverdaleIN46120
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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 Cloverdale at 11773 State Highway 243, Cloverdale, IN, 46120 uses $53,305 cash to close to unlock $4,845/yr annual cash flow and $404/mo monthly cash flow. Total monthly income runs $1,369/mo, and a $787/mo payment keeps the spread at $404/mo. Purchase price stands at $160,800, and rental yield measures 10.22% with $1,369/mo rent. Return on cash invested shows 29% in year one, and 5% annual appreciation builds toward $44,426 over five years. Five-year ROI reaches 151.37% and total cumulative return in cash records $80,689. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,369/mo property income covering a $787/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46120, Cloverdale, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
2,414
Single Family
2,414
Multi-Family
0
Businesses
184
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