11994 N Morris RdCromwellIN46732
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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 11994 N Morris Rd, Cromwell, IN, 46732 listed at $320,000 pairs $2,632/mo rent with a $1,566/mo payment to leave $711/mo cash flow. Total monthly income runs $2,632/mo, and annual cash flow reaches $8,536/yr on $106,080 cash to close. Return on cash invested measures 27.96% in year one, and rental yield registers 9.87% at a $320,000 basis. Equity gained on principal adds $2,065/yr, and annual property appreciation at 5% supports $88,410 by year five. Five-year ROI tracks 145.76% and total cumulative return in cash totals $154,623. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,632/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1990
0.51 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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