12165 State Highway 243, Cloverdale, IN, 46120 | $736/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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12165 State Highway 243, Cloverdale, IN, 46120 | $736/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

Investment property for sale in Cloverdale at 12165 State Highway 243, Cloverdale, IN, 46120 listed at $220,000 pairs $2,057/mo rent with a $1,077/mo payment to leave $736/mo cash flow. Total monthly income runs $2,057/mo, and annual cash flow reaches $8,834/yr on $72,930 cash to close. Return on cash invested measures 32.02% in year one, and rental yield registers 11.22% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 167.62% and total cumulative return in cash totals $122,243. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,057/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1954

0.95 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled on this beautiful unique and private property with amazing views situated along the forks of Cages Mill Lake / Lieber SRA, this single-family residence offers three bedrooms and two full bathrooms. The property occupies a generous 0.95 square foot lot, presenting a unique opportunity to embrace the tranquility of the surrounding wooded area or great hunting cabin with built in gun safe. This Cloverdale residence is ready to be transformed into your very own personal haven. Perfect for a starter home or a summer retreat with this partially furnished home. The property has 2 out buildings / barns, perfect for boats, jet ski's or storage. The land is surrounded by 3+ acres of nature preserve which can not be built upon. This home has new flooring, new paint inside and out, new gutters, a new deck railing, new water heater, new sump pump, new propane regulator. This highly sought after private oasis won't last long. The property is close to the Lieber SRA park entrance to enjoy walking / running, biking, and water sports. Easy access to the interstate and local shopping. Come enjoy the peace and quiet!

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