1208 Spring Mill Dr, Avon, IN, 46123 | $323/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1208 Spring Mill Dr, Avon, IN, 46123 | $323/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Avon at 1208 Spring Mill Dr, Avon, IN, 46123 generates $2,244/mo in rent and, after a $1,566/mo payment, leaves $323/mo in cash flow. Total monthly income is $2,244/mo, and annual cash flow is $3,880/yr on $106,080 invested. Return on cash invested sits at 23.57% in year one, and rental yield is 8.42% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 122.24% and total cumulative return in cash sums $129,675. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,244/mo property income rather than buyer’s personal income.

Single Family

Built in 1992

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled at 1208 Spring Mill DR, AVON, IN, this single-family residence in Hendricks County offers an inviting home, ready for a new chapter. Imagine evenings spent in the living room, the high and vaulted ceiling creating an airy and expansive atmosphere, while the fireplace casts a warm glow, creating a cozy retreat. The kitchen, designed with both style and function in mind, features a backsplash that adds a touch of elegance, and a kitchen peninsula, perfect for casual dining or preparing culinary delights. Step outside to discover your own private oasis, where the fenced backyard provides a secure and tranquil space for relaxation and recreation. The deck extends your living area outdoors, offering an ideal spot for entertaining or simply unwinding after a long day. The sunroom provides a space filled with natural light to enjoy throughout the year. This property offers three bedrooms, providing room for rest and relaxation, with the walk-in closet offering ample space for storage. The two full bathrooms provide convenience for household members and guests. With 1474 square feet of living area on a generous 14810 square feet lot in a residential area, this 1992 home offers a wonderful opportunity to create lasting memories.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46123, Avon, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,638 (100%)
Owner Occupied HU	12,897 (77.5%)
Renter Occupied HU	3,116 (18.7%)
Vacant Housing Units	625 ( 3.8%)
Median Home Value	$326,962
Average Home Value	$336,322