124 E Michelle LnPendletonIN46064
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 Pendleton at 124 E Michelle Ln, Pendleton, IN, 46064 at $319,900 posts ROI 23.5% with $317/mo cash flow from $2,238/mo rent. Total monthly income equals $2,238/mo, and annual cash flow records $3,809/yr on $106,047 to close. Return on cash invested measures 23.5% and rental yield reads 8.4% at the current $319,900. Equity gained on principal adds $2,064/yr, and 5% annual appreciation supports $88,382 by year five. Five-year ROI prints 121.87% and total cumulative return in cash totals $129,236.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,238/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1984
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46064, Pendleton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,339 (100%) |
| Owner Occupied HU | 5,147 (81.2%) |
| Renter Occupied HU | 879 (13.9%) |
| Vacant Housing Units | 313 ( 4.9%) |
| Median Home Value | $283,028 |
| Average Home Value | $322,206 |
Housing Distribution
Address Breakdown
Residential
6,945
Single Family
6,893
Multi-Family
52
Businesses
417
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