16758 Bingham DrWestfieldIN46074
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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
Investment property for sale in Westfield at 16758 Bingham Dr, Westfield, IN, 46074 listed at $436,900 pairs $3,390/mo rent with a $2,138/mo payment to leave $768/mo cash flow. Total monthly income runs $3,390/mo, and annual cash flow reaches $9,213/yr on $144,832 cash to close. Return on cash invested measures 26.27% in year one, and rental yield registers 9.31% at a $436,900 basis. Equity gained on principal adds $2,819/yr, and annual property appreciation at 5% supports $120,707 by year five. Five-year ROI tracks 136.71% and total cumulative return in cash totals $197,997. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,390/mo property income relative to a $2,138/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2016
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46074, Westfield, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,825 (100%) |
| Owner Occupied HU | 16,826 (77.1%) |
| Renter Occupied HU | 3,538 (16.2%) |
| Vacant Housing Units | 1,461 ( 6.7%) |
| Median Home Value | $463,787 |
| Average Home Value | $528,199 |
Housing Distribution
Address Breakdown
Residential
20,309
Single Family
19,958
Multi-Family
351
Businesses
970
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