12321 Cataract Hills DrCloverdaleIN46120
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 12321 Cataract Hills Dr, Cloverdale, IN, 46120 offers a 9.52% rental yield on a $121,000 purchase with $960/mo rent. Total monthly income registers $960/mo, and a $592/mo payment leaves $218/mo available for distribution. Annual cash flow reaches $2,619/yr on $40,112 to close, and return on cash invested stands at 26.44% in year one. Equity gained on principal adds $781/yr while 5% annual appreciation supports $33,430 over five years. Portfolio math shows five-year ROI at 137.88% and total cumulative return in cash at $55,305. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $960/mo property income against a $592/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.25 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katerina Tenyakov • Key Associates Signature Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513885
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.