2164 Terrace DrHighlandIN46322
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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
Investment Highlights
Investment property for sale in Highland at 2164 Terrace Dr, Highland, IN, 46322 listed at $368,900 pairs $2,846/mo rent with a $1,806/mo payment to leave $631/mo cash flow. Total monthly income runs $2,846/mo, and annual cash flow reaches $7,574/yr on $122,290 cash to close. Return on cash invested measures 26.1% in year one, and rental yield registers 9.26% at a $368,900 basis. Equity gained on principal adds $2,380/yr, and annual property appreciation at 5% supports $101,920 by year five. Five-year ROI tracks 135.84% and total cumulative return in cash totals $166,124. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,846/mo property income relative to a $1,806/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46322, Highland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,588 (100%) |
| Owner Occupied HU | 7,922 (74.8%) |
| Renter Occupied HU | 2,280 (21.5%) |
| Vacant Housing Units | 386 ( 3.6%) |
| Median Home Value | $243,747 |
| Average Home Value | $271,248 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
8,500
Multi-Family
1,880
Businesses
918
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