15118 Radiance 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
Investment property for sale in Noblesville at 15118 Radiance Dr, Noblesville, IN, 46060 uses $119,009 cash to close to unlock $8,833/yr annual cash flow and $736/mo monthly cash flow. Total monthly income runs $2,891/mo, and a $1,757/mo payment keeps the spread at $736/mo. Purchase price stands at $359,000, and rental yield measures 9.66% with $2,891/mo rent. Return on cash invested shows 27.33% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 142.42% and total cumulative return in cash records $169,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,891/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Single Family
Built in 2005
5,662 sqft lot
$N/A/sqft
No 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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