161 Lynnette WayCumberlandIN46229
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Nearby investment properties with comparable prices
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 Cumberland at 161 Lynnette Way, Cumberland, IN, 46229 offers $2,768/mo rent that, after a $1,620/mo payment, leaves $781/mo cash flow. Total monthly income is $2,768/mo, and annual cash flow is $9,375/yr on $109,693 cash. Return on cash invested measures 28.46% in year one, and rental yield stands at 10.04% at a $330,900 entry. Equity gained on principal adds $2,135/yr while 5% annual appreciation compounds into $91,422 by year five. Five-year ROI records 148.45% and total cumulative return in cash reaches $162,845. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,768/mo property income versus a $1,620/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
9,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46229, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,954 (100%) |
| Owner Occupied HU | 6,415 (53.7%) |
| Renter Occupied HU | 4,840 (40.5%) |
| Vacant Housing Units | 699 ( 5.8%) |
| Median Home Value | $226,104 |
| Average Home Value | $283,888 |
Housing Distribution
Address Breakdown
Residential
11,928
Single Family
10,510
Multi-Family
1,418
Businesses
682
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Olthof Homes
Mls Provider:
Mls ID: #N/A