253 Elderberry Ct, Pendleton, IN, 46064 | $490/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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253 Elderberry Ct, Pendleton, IN, 46064 | $490/mo Cash Flow | 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

Rental property for sale in Pendleton at 253 Elderberry Ct, Pendleton, IN, 46064 priced at $385,000 pairs $2,801/mo rent with $490/mo cash flow after a $1,884/mo payment. Total monthly income equals $2,801/mo, and annual cash flow comes to $5,883/yr on $127,628 invested. Return on cash invested is 24.52% in year one, and rental yield stands at 8.73% on a $385,000 basis. Equity gained on principal adds $2,484/yr, and 5% annual appreciation accumulates to $106,368 by year five. Five-year ROI measures 127.34% and total cumulative return in cash reaches $162,526. For financing, Ziffy Mortgage’s DSCR program evaluates $2,801/mo property income against a $1,884/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2008

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Situated on a quiet cul-de-sac in Huntzinger Farm, this spacious two-story home offers 4 bedrooms, 2.5 baths, and 3,678 sq ft of living space. The entryway opens to a formal living room, while the family room with fireplace provides a cozy spot to gather. A versatile rec room can serve as a dining room, and the kitchen offers plenty of cabinet and counter space for everyday use. Upstairs, the large primary suite is filled with natural light and includes a modern bathroom with double vanities, a walk-in shower, and an oversized walk-in closet. Each additional bedroom also has its own walk-in closet, plus there are six more closets throughout the home. A loft upstairs, two main-level living spaces, and a dedicated office-easily used as an additional bedroom-provide flexibility for everyday living. A finished garage with upgraded outlets, a fenced backyard, patio, gazebo, and storage shed complete the property. This home combines comfort, function, and a sought-after location-ready for its next owner.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46064, Pendleton, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,339 (100%)
Owner Occupied HU	5,147 (81.2%)
Renter Occupied HU	879 (13.9%)
Vacant Housing Units	313 ( 4.9%)
Median Home Value	$283,028
Average Home Value	$322,206