23050 State Road 37 N UNIT 40NoblesvilleIN46060
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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 Noblesville at 23050 State Road 37 N UNIT 40, Noblesville, IN, 46060 earns $212/mo cash flow from $1,713/mo rent with a $1,224/mo payment. Total monthly income totals $1,713/mo, and annual cash flow totals $2,543/yr on $82,875 capital. ROI tracks 22.98% on current figures, and rental yield reads 8.22% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 119.05% and total cumulative return in cash sums $98,662. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,713/mo property income instead of your personal income.
Single Family
Built in 1992
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46060, Noblesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,550 (100%) |
| Owner Occupied HU | 12,660 (64.8%) |
| Renter Occupied HU | 5,790 (29.6%) |
| Vacant Housing Units | 1,100 ( 5.6%) |
| Median Home Value | $345,844 |
| Average Home Value | $407,062 |
Housing Distribution
Address Breakdown
Residential
18,803
Single Family
16,481
Multi-Family
2,322
Businesses
1,419
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Listed by: Sarah Floyd • eXp Realty LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22073233