157 Lazy River Rd, Cloverdale, IN, 46120 | $209/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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157 Lazy River Rd, Cloverdale, IN, 46120 | $209/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 157 Lazy River Rd, Cloverdale, IN, 46120 priced at $124,995 pairs $960/mo rent with $209/mo cash flow after a $612/mo payment. Total monthly income equals $960/mo, and annual cash flow comes to $2,514/yr on $41,436 invested. Return on cash invested is 25.98% in year one, and rental yield stands at 9.22% on a $124,995 basis. Equity gained on principal adds $807/yr, and 5% annual appreciation accumulates to $34,534 by year five. Five-year ROI measures 135.2% and total cumulative return in cash reaches $56,019. For financing, Ziffy Mortgage’s DSCR program evaluates $960/mo property income against a $612/mo payment instead of your W2s, 1099s, or Tax returns.

Manufactured

Built in 1995

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Nestled at 157 Lazy River RD, CLOVERDALE, IN, this property in Putnam County offers a unique opportunity to embrace a simplified lifestyle. This residence presents an exciting prospect for those seeking a comfortable and manageable home. Within this 1216 square feet manufactured home, discover a configuration designed for both privacy and togetherness. Two bedrooms provide personal retreats, while two full bathrooms ensure convenience and comfort for all. Imagine mornings beginning in your private space, followed by shared moments in the communal areas, each thoughtfully designed to enhance everyday living. The generous 7318 square feet lot offers an expansive outdoor canvas, presenting endless possibilities. Envision creating a personalized outdoor sanctuary, a space for relaxation, recreation, or simply enjoying the natural surroundings. This sizable area enhances the property's appeal, providing a valuable extension of the living space. This 1995-built, single-story home offers a blend of practicality and potential, making it an ideal choice for those seeking a residence that is both functional and inviting. Enjoy access to 5 maintained fishing ponds, a community club house, inground pool, play ground, basketball court and over 52 acres of common area.

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