12588 Cattle Ridge DrNoblesvilleIN46060
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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
Rental property for sale in Noblesville at 12588 Cattle Ridge Dr, Noblesville, IN, 46060 generates $2,160/mo in rent, after a $1,635/mo payment. Total monthly income is $2,160/mo. Return on cash invested sits at 19.65% in year one, and rental yield is 7.76% on a $333,990 entry. Equity gained on principal adds $2,155/yr, while 5% annual appreciation builds toward $92,275 over five years. Five-year ROI reaches 101.91% and total cumulative return in cash sums $112,827. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.
Townhouse
Built in 2025
4,791 sqft lot
$N/A/sqft
$179 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46060, Noblesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,550 (100%) |
| Owner Occupied HU | 12,660 (64.8%) |
| Renter Occupied HU | 5,790 (29.6%) |
| Vacant Housing Units | 1,100 ( 5.6%) |
| Median Home Value | $345,844 |
| Average Home Value | $407,062 |
Housing Distribution
Address Breakdown
Residential
18,803
Single Family
16,481
Multi-Family
2,322
Businesses
1,419
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Listed by: Jennifer Mencias • M/I Homes of Indiana, L.P.
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22080439
Disclaimer: Based on information submitted to the MLS GRID as of 2026-01-17 07:28:12 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)