154 Lazy River Rd, Cloverdale, IN, 46120 | $305/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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154 Lazy River Rd, Cloverdale, IN, 46120 | $305/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

Rental property for sale in Cloverdale at 154 Lazy River Rd, Cloverdale, IN, 46120 priced at $109,000 pairs $960/mo rent with $305/mo cash flow after a $534/mo payment. Total monthly income equals $960/mo, and annual cash flow comes to $3,662/yr on $36,134 invested. Return on cash invested is 30.04% in year one, and rental yield stands at 10.57% on a $109,000 basis. Equity gained on principal adds $703/yr, and 5% annual appreciation accumulates to $30,115 by year five. Five-year ROI measures 157.08% and total cumulative return in cash reaches $56,758. For financing, Ziffy Mortgage’s DSCR program evaluates $960/mo property income against a $534/mo payment instead of your W2s, 1099s, or Tax returns.

Manufactured

Built in 1997

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Located in the Stardust Hills community, this manufactured home offers a practical floor plan and access to neighborhood amenities at an affordable price. Built in 1997, the home provides 1,440 square feet of living space with 4 bedrooms and 2 full bathrooms. The primary suite includes its own full bath, while two additional bedrooms and an open living area provide flexibility for family, guests, or a home office. The home sits on a 7,230 square foot lot, offering manageable outdoor space for gardening, play, or simply relaxing. While the property is livable, it does need some TLC-making it a good opportunity for buyers looking to add their own updates and personal touches. As part of Stardust Hills HOA, residents enjoy use of five stocked fishing ponds, a clubhouse, inground swimming pool, playground, basketball court, and over 50 acres of common green space. Whether you're a first-time buyer, downsizing, or seeking an investment. The home is currently tenant-occupied rented at $700 per month on a month-to-month lease.

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