219 Frost Way, Cloverdale, IN, 46120 | 5.49% Rental Yield

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219 Frost Way, Cloverdale, IN, 46120 | 5.49% Rental Yield | Ziffy

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

Investment property for sale in Cloverdale at 219 Frost Way, Cloverdale, IN, 46120 with 5% annual appreciation on a $209,995 basis while $960/mo rent supports operations. 72% in year one. Equity gained on principal adds $1,355/yr, and five-year appreciation sums $58,018 alongside rental yield of 5.49%. Five-year ROI measures 74.85% and total cumulative return in cash totals $52,106. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $960/mo property income versus a $1,028/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1985

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Located at 219 Frost WAY, CLOVERDALE, IN, this single-family residence in Putnam County offers an exciting opportunity to own a home with great potential. Built in 1985, this property has been completly renovated. This residence has an expansive lot, boasting 10019 square feet of outdoor space. Imagine crafting your own private retreat, designing lush gardens, or creating an entertainment area that will be the envy of friends and acquaintances. The possibilities are as limitless as your imagination, offering a canvas upon which to paint your ideal outdoor lifestyle. With 1136 square feet of living area, this single-story home provides an efficient and comfortable layout. The residence includes two bedrooms, offering private spaces for rest and rejuvenation. Three full bathrooms provide convenience and ample space for personal care. This single-family residence offers a unique opportunity to create a personalized haven in a desirable location. Enjoy access to 5 maintained fishing ponds, a community clubhouse, inground pool, basketball courts, play ground and over 52 acres of common area.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46120, Cloverdale, IN area.

Housing Distribution

Housing Statistics

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