240 Idlewild PlLowellIN46356
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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 Lowell at 240 Idlewild Pl, Lowell, IN, 46356 uses $72,168 cash to close to unlock $13,257/yr annual cash flow and $1,105/mo monthly cash flow. Total monthly income runs $2,412/mo, and a $1,066/mo payment keeps the spread at $1,105/mo. Purchase price stands at $217,700, and rental yield measures 13.3% with $2,412/mo rent. Return on cash invested shows 38.28% in year one, and 5% annual appreciation builds toward $60,147 over five years. Five-year ROI reaches 201.11% and total cumulative return in cash records $145,137. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,412/mo property income covering a $1,066/mo payment rather than investor’s personal income.
Single Family
Built in 1953
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46356, Lowell, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,032 (100%) |
| Owner Occupied HU | 6,541 (81.4%) |
| Renter Occupied HU | 1,041 (13.0%) |
| Vacant Housing Units | 450 ( 5.6%) |
| Median Home Value | $310,836 |
| Average Home Value | $337,461 |
Housing Distribution
Address Breakdown
Residential
7,673
Single Family
7,411
Multi-Family
262
Businesses
382
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Listed by: Mary Derman • Keller Williams Preferred Real
Mls Name: NIRA
Mls Provider:
Mls ID: #820182
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