119 Cardinal LnAlexandriaIN46001
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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 Alexandria at 119 Cardinal Ln, Alexandria, IN, 46001 listed at $224,900 pairs $1,844/mo rent with a $1,101/mo payment to leave $295/mo cash flow. Total monthly income runs $1,844/mo, and annual cash flow reaches $3,537/yr on $74,554 cash to close. Return on cash invested measures 24.65% in year one, and rental yield registers 9.84% at a $224,900 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,136 by year five. Five-year ROI tracks 129.2% and total cumulative return in cash totals $96,325. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,844/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2003
0.35 Acres lot
$N/A/sqft
$199 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 46001, Alexandria, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,069 (100%) |
| Owner Occupied HU | 3,388 (66.8%) |
| Renter Occupied HU | 1,108 (21.9%) |
| Vacant Housing Units | 573 (11.3%) |
| Median Home Value | $178,912 |
| Average Home Value | $205,941 |
Housing Distribution
Address Breakdown
Residential
4,471
Single Family
4,461
Multi-Family
10
Businesses
216
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Sold | $224,900 |
| 2025-03-27 | Pending sale | $229,900 |
| 2025-01-27 | Price change | $229,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $1156.40 | 2.00% | $139,700 | 6.56% |
| 2023-10-24 | $1133.72 | 2.00% | $131,100 | 0.15% |
| 2022-10-24 | $1111.50 | 2.00% | $130,900 | 6.16% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 2003
- Architectural Style: Ranch
- Building Area: 1,415
- Living Area: 1,415 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Natural Gas
- Cooling: N/A
- Flooring: N/A
- Interior Features: Attic Pull Down Stairs, High Ceilings, Ceiling Fan(s)
- Exterior Features: N/A
- Parking Features: Attached
Location
- City: Alexandria
- State: IN
- Subdivision: Timberlake Estates
- Lot Size: 0.35 Acres
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: $199 monthly
- Association Fee: $199 monthly
- Fees & Dues: N/A
- Association Amenities: Maintenance Grounds, Maintenance, Snow Removal
- Association Fee Includes: Lawncare, Maintenance Grounds, Maintenance Structure, Snow Removal
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: Municipal/City
- Road Surface Type: N/A
School Information
- Elementary School: Alexandria Monroe Elementary School
- Middle School: N/A
- High School: N/A
What's Special
Pull Down Stairs
Listed by: Tamra Gooding • Dyer Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22000105
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 05:37:46 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)