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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Cloverdale at 179 Lazy River Ct, Cloverdale, IN, 46120 priced at $139,900 converts $960/mo rent into $102/mo cash flow after a $685/mo obligation. Total monthly income equals $960/mo, and annual cash flow totals $1,219/yr on $46,377 invested. Return on cash invested prints 22.54% in year one, and rental yield reads 8.23% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 116.91% and total cumulative return in cash sums $54,219. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $960/mo property income covering a $685/mo payment, not borrower’s personal income.
Manufactured
Built in 1991
7,405 sqft lot
$N/A/sqft
$220 annually HOA
Neighborhood data shown for ZIP Code: 46120, Cloverdale, IN area.
| 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 |
Residential
2,414
Single Family
2,414
Multi-Family
0
Businesses
184
Date | Event | Price |
|---|---|---|
| 2025-04-14 | Listed for sale | $139,900 |
| 2024-07-01 | Listing removed | $129,900 |
| 2024-06-18 | Pending sale | $129,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-16 | $1000.00 | N/A | $81,200 | 62.40% |
| 2023-04-16 | $1000.00 | 5.04% | $50,000 | N/A |
| 2022-04-16 | $952.00 | N/A | $50,000 | 5.04% |
Listed by: Ian Bell • eXpert, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22032533
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-16 08:12:56 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
