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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 193 Lazy River Ct, Cloverdale, IN, 46120 offers $960/mo rent that, after a $1,095/mo payment. Total monthly income is $960/mo. Return on cash invested measures 13.71% in year one, and rental yield stands at 5.15% at a $223,800 entry. Equity gained on principal adds $1,444/yr while 5% annual appreciation compounds into $61,832 by year five. Five-year ROI records 69.36% and total cumulative return in cash reaches $51,460. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $960/mo property income versus a $1,095/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
7,405 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Nicole Stanley • RE/MAX Cornerstone
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22055529
