1280 Summer Ridge Ln, Brownsburg, IN, 46112 | $197/mo Cash Flow

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1280 Summer Ridge Ln, Brownsburg, IN, 46112 | $197/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 Brownsburg at 1280 Summer Ridge Ln, Brownsburg, IN, 46112 listed at $345,000 pairs $2,268/mo rent with a $1,689/mo payment to leave $197/mo cash flow. Total monthly income runs $2,268/mo, and annual cash flow reaches $2,359/yr on $114,368 cash to close. Return on cash invested measures 21.97% in year one, and rental yield registers 7.89% at a $345,000 basis. Equity gained on principal adds $2,226/yr, and annual property appreciation at 5% supports $95,317 by year five. Five-year ROI tracks 113.68% and total cumulative return in cash totals $130,012. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,268/mo property income relative to a $1,689/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2003

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

Feast your eyes on 1280 Summer Ridge LN, BROWNSBURG, IN, 4 Bedroom-2.5 Baths-2-car-garage. This single-family residence in Hendricks County that's not just a house, but a happy habitat, practically begging for its story to be continued! The Lakeridge neighborhood offers a comfortable atmosphere, walking/jogging paths, plenty of ponds and a scenic setting. The living room is where stories will be told and memories will be made, featuring a high ceiling and vaulted ceiling that create an airy and expansive feel, while the fireplace stands ready to cast its cozy glow on evenings filled with laughter and warmth. Imagine leisurely afternoons spent on the patio, sipping iced tea and soaking up the sun, followed by delightful dinners in the outdoor dining area as the stars begin to twinkle. Back yard includes raised garden beds, 2 types of Fig trees, & lemon balm & a grape vine over the entrance. The fenced backyard provides a safe haven for playful pups or budding gardeners, while the shed stands ready to house all your tools and treasures. This home offers plenty of room for everyone to spread out and find their own happy space. New Carpet in 2nd and Primary Bedroom in Winter 2024. 10-15 minutes Indy and Avon and close to I-74 for easy commutes. Will qualify for VA and FHA financing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46112, Brownsburg, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,870 (100%)
Owner Occupied HU	13,977 (78.2%)
Renter Occupied HU	3,408 (19.1%)
Vacant Housing Units	485 ( 2.7%)
Median Home Value	$321,702
Average Home Value	$356,401