20785 Waterscape Way #D2, Noblesville, IN, 46062 | 6.34% Rental Yield

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

Rental property for sale in Noblesville at 20785 Waterscape Way #D2, Noblesville, IN, 46062 generates $2,305/mo in rent, after a $2,134/mo payment. Total monthly income is $2,305/mo. Return on cash invested sits at 17.32% in year one, and rental yield is 6.34% on a $436,000 entry. Equity gained on principal adds $2,813/yr, while 5% annual appreciation builds toward $120,459 over five years. Five-year ROI reaches 88.7% and total cumulative return in cash sums $128,198. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,305/mo property income rather than buyer’s personal income.

Condo

Built in 1996

N/A lot

$N/A/sqft

No HOA