1857 Cold Springs Dr, Pendleton, IN, 46064 | $417/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1857 Cold Springs Dr, Pendleton, IN, 46064 | $417/mo Cash Flow | Ziffy

For Sale

Listed for sale 4 days ago

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

Investment property for sale in Pendleton at 1857 Cold Springs Dr, Pendleton, IN, 46064 listed at $360,000 pairs $2,578/mo rent with a $1,762/mo payment to leave $417/mo cash flow. Total monthly income runs $2,578/mo, and annual cash flow reaches $5,004/yr on $119,340 cash to close. Return on cash invested measures 24.1% in year one, and rental yield registers 8.59% at a $360,000 basis. Equity gained on principal adds $2,323/yr, and annual property appreciation at 5% supports $99,461 by year five. Five-year ROI tracks 125.07% and total cumulative return in cash totals $149,253. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,578/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2021

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this beautifully designed newer built home in the highly sought after Huntzinger Farms subdivision in Pendleton. Built in 2021, this spacious 4 bedroom, 2.5 bath home offers a bright, open floor plan with 9 ft ceilings on the main level, creating an airy and inviting feel throughout.The main level features a private office perfect for working from home, a large great room filled with natural light, and an eat in kitchen that truly anchors the space. You'll love the white quartz countertops, stainless steel appliances, and seamless connection between the kitchen and living area, ideal for everyday living and entertaining.Upstairs, the expansive primary suite is a true retreat with a large bathroom and generous walk in closet. Three additional bedrooms, a full bath, and a versatile loft provide plenty of space for family, guests, or play. Outside, enjoy a nice sized lot and the convenience of a 3 car garage offering ample storage and parking. Located in a welcoming neighborhood with easy access to schools, parks, and all that Pendleton has to offer, this home checks all the boxes!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46064, Pendleton, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,339 (100%)
Owner Occupied HU	5,147 (81.2%)
Renter Occupied HU	879 (13.9%)
Vacant Housing Units	313 ( 4.9%)
Median Home Value	$283,028
Average Home Value	$322,206