1893 Water Oak Way, Avon, IN, 46123 | 5.28% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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1893 Water Oak Way, Avon, IN, 46123 | 5.28% Rental Yield | Ziffy

For Sale

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 Avon at 1893 Water Oak Way, Avon, IN, 46123 at $510,000 posts ROI 14.22% with from $2,244/mo rent. Total monthly income equals $2,244/mo. Return on cash invested measures 14.22% and rental yield reads 5.28% at the current $510,000. Equity gained on principal adds $3,291/yr, and 5% annual appreciation supports $140,904 by year five. Five-year ROI prints 72.03% and total cumulative return in cash totals $120,867. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,244/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1999

0.55 Acres lot

$N/A/sqft

No HOA

More details about the property

"Welcome home to 1893 Water Oak Way in Avon. This beautiful ranch, in highly sought after Timber Bend, is turn key and ready to be your next home! The living room offers a welcoming atmosphere, enhanced by a stunning fireplace that serves as a focal point for gatherings and quiet evenings, while the high and vaulted ceilings create an airy, expansive feel, inviting relaxation and conversation. The kitchen is designed with both aesthetics and functionality in mind; the kitchen bar and kitchen peninsula offer casual dining options and additional workspace, and the kitchen island provides a central hub for meal preparation and social interaction, all complemented by the elegance of stone countertops and a stylish backsplash. Retreat to the primary bedroom, where a tray ceiling adds an element of architectural interest and sophistication, creating a serene and inviting space for rest and rejuvenation. In the bathroom, the double vanity offers convenience and ample space, while the tiled walk-in shower provides a luxurious and spa-like experience. The main level laundry room is conveniently located around the corner from the primary. Step outside and take in the perfect sights of Indiana in the fall. Wooded, private and peaceful, this large .55 acre lot has been well maintained and cared for. Home boasts of solid hardwood floors on the entire first level, bedroom 2 features custom built-ins that can be used as flex space or a home office. Completely finished basement, newly installed radon mitigation system and recent AC/furnace tune-ups. Are you ready to make this house your home?"

Neighborhood Data

Neighborhood data shown for ZIP Code: 46123, Avon, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,638 (100%)
Owner Occupied HU	12,897 (77.5%)
Renter Occupied HU	3,116 (18.7%)
Vacant Housing Units	625 ( 3.8%)
Median Home Value	$326,962
Average Home Value	$336,322