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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 Pendleton at 1907 Cold Springs Dr, Pendleton, IN, 46064 offers $2,238/mo rent that, after a $1,468/mo payment, leaves $422/mo cash flow. Total monthly income is $2,238/mo, and annual cash flow is $5,062/yr on $99,417 cash. Return on cash invested measures 25% in year one, and rental yield stands at 8.95% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 129.95% and total cumulative return in cash reaches $129,196. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,238/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
6,969 sqft lot
$N/A/sqft
$189 annually HOA
Neighborhood data shown for ZIP Code: 46064, Pendleton, IN area.
| 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 |
Residential
6,945
Single Family
6,893
Multi-Family
52
Businesses
417
Date | Event | Price |
|---|---|---|
| 2024-11-04 | Price change | $299,900 |
| 2024-10-25 | Listed for sale | $308,000 |
| 2021-05-18 | Sold | $245,255 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-19 | $2454.00 | 40800.00% | $247,100 | 0.69% |
| 2022-11-19 | $6.00 | N/A | $245,400 | 81700.00% |
| 2021-11-19 | N/A | N/A | $300 | N/A |
What's Special
Access Only
Listed by: Eric Forney • Keller Williams Indy Metro S
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22008020
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 08:48:41 PST. 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](/info/mls-disclaimers/#mls_48)
