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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Pendleton at 156 Warwick Way, Pendleton, IN, 46064 priced at $405,000 converts $1,208/mo rent into after a $1,982/mo obligation. Total monthly income equals $1,208/mo. Return on cash invested prints 7.01% in year one, and rental yield reads 3.58% against a $405,000 entry. Equity gained on principal adds $2,613/yr, while 5% annual appreciation compiles into $111,894 by year five. Five-year ROI reaches 34.17% and total cumulative return in cash sums $45,878. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,208/mo property income covering a $1,982/mo payment, not borrower’s personal income.
Condo
Built in 2012
7,840 sqft lot
$N/A/sqft
$220 monthly HOA
Neighborhood data shown for ZIP Code: 46064, Pendleton, IN area.
| 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 |
Residential
6,945
Single Family
6,893
Multi-Family
52
Businesses
417
Date | Event | Price |
|---|---|---|
| 2024-11-13 | Listed for sale | $405,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-19 | $2004.00 | 6.54% | $200,100 | -0.15% |
| 2022-11-19 | $1881.00 | 4.15% | $200,400 | 6.54% |
| 2021-11-19 | $1806.00 | 1.63% | $188,100 | 4.15% |
What's Special
Permanent Stairs
Listed by: Linda Dietl • Realty World Indy
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22009253
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 08:48:41 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](/info/mls-disclaimers/#mls_48)
