258 Ole Rocking Chair WayCloverdaleIN46120
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Cloverdale at 258 Ole Rocking Chair Way, Cloverdale, IN, 46120 priced at $105,000 converts $960/mo rent into $330/mo cash flow after a $514/mo obligation. Total monthly income equals $960/mo, and annual cash flow totals $3,955/yr on $34,808 invested. Return on cash invested prints 31.27% in year one, and rental yield reads 10.97% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 163.59% and total cumulative return in cash sums $56,942. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $960/mo property income covering a $514/mo payment, not borrower’s personal income.
Single Family
Built in 1991
8,276 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,414
Single Family
2,414
Multi-Family
0
Businesses
184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daphne Rutenberg • Little Pig Real Estate LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22077987