1675 Cherry StNoblesvilleIN46060
Nearby investment properties with comparable rents
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
Investment property for sale in Noblesville at 1675 Cherry St, Noblesville, IN, 46060 uses $51,349 cash to close to unlock $4,528/yr annual cash flow and $377/mo monthly cash flow. Total monthly income runs $1,307/mo, and a $758/mo payment keeps the spread at $377/mo. Purchase price stands at $154,900, and rental yield measures 10.13% with $1,307/mo rent. Return on cash invested shows 28.73% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 149.95% and total cumulative return in cash records $77,000. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,307/mo property income covering a $758/mo payment rather than investor’s personal income.
Single Family
Built in 1950
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46060, Noblesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,550 (100%) |
| Owner Occupied HU | 12,660 (64.8%) |
| Renter Occupied HU | 5,790 (29.6%) |
| Vacant Housing Units | 1,100 ( 5.6%) |
| Median Home Value | $345,844 |
| Average Home Value | $407,062 |
Housing Distribution
Address Breakdown
Residential
18,803
Single Family
16,481
Multi-Family
2,322
Businesses
1,419
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Harry Haines • KC Ayer Real Estate, Inc.
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22058320