23480 Joyce AveCiceroIN46034
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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 Cicero at 23480 Joyce Ave, Cicero, IN, 46034 offers a 5.89% rental yield on a $415,000 purchase with $2,038/mo rent. 96% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 81.44% and total cumulative return in cash at $112,041. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,038/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
4.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46034, Cicero, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,424 (100%) |
| Owner Occupied HU | 2,743 (80.1%) |
| Renter Occupied HU | 503 (14.7%) |
| Vacant Housing Units | 178 ( 5.2%) |
| Median Home Value | $480,619 |
| Average Home Value | $488,950 |
Housing Distribution
Address Breakdown
Residential
2,991
Single Family
2,991
Multi-Family
0
Businesses
204
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