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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 2 Doe Creek Dr, Cloverdale, IN, 46120 offers $2,202/mo rent that, after a $1,258/mo payment, leaves $659/mo cash flow. Total monthly income is $2,202/mo, and annual cash flow is $7,910/yr on $85,196 cash. Return on cash invested measures 29.19% in year one, and rental yield stands at 10.28% at a $257,000 entry. Equity gained on principal adds $1,658/yr while 5% annual appreciation compounds into $71,004 by year five. Five-year ROI records 152.43% and total cumulative return in cash reaches $129,864. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,202/mo property income versus a $1,258/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
8,276 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 |
|---|---|---|
| 2024-09-19 | Listed for sale | $257,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | N/A | N/A | $800 | N/A |
Listed by: Lezley Wass • CAPSTONE REALTY GROUP INC
Mls Name: THAAR
Mls Provider:
Mls ID: #104738
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Terre Haute Area Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright 2024 Terre Haute Area Association of Realtors. All Rights Reserved. Last Updated: 2024-10-14 10:10:35 PDT
