15620 Cedar Cove CtGrangerIN46530
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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 Granger at 15620 Cedar Cove Ct, Granger, IN, 46530 generates $3,574/mo in rent and, after a $2,178/mo payment, leaves $886/mo in cash flow. Total monthly income is $3,574/mo, and annual cash flow is $10,633/yr on $147,518 invested. Return on cash invested sits at 27.12% in year one, and rental yield is 9.64% on a $445,000 entry. Equity gained on principal adds $2,872/yr, while 5% annual appreciation builds toward $122,945 over five years. Five-year ROI reaches 141.33% and total cumulative return in cash sums $208,484. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,574/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
0.40 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46530, Granger, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,467 (100%) |
| Owner Occupied HU | 10,079 (80.8%) |
| Renter Occupied HU | 1,813 (14.5%) |
| Vacant Housing Units | 575 ( 4.6%) |
| Median Home Value | $318,617 |
| Average Home Value | $362,554 |
Housing Distribution
Address Breakdown
Residential
12,208
Single Family
11,173
Multi-Family
1,035
Businesses
834
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Listed by: Stephen Bizzaro • Howard Hanna SB Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510271
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.