296 Myers Lake DrNoblesvilleIN46062
INVESTMENT ANALYSIS
Investment Verdict
Solid Income296 Myers Lake Dr, Noblesville, IN, 46062 in Noblesville is a solid income-producing rental, 8.59% gross yield, $2,863/mo rent, $462/mo net cash flow on a $400,000 buy. DSCR 1.59 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $110,513 and $3,684/yr in principal reduction project a total cumulative return of $181,054.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.0% |
| Monthly Cash Flow | $462 | $1,200 |
City averages based on Noblesville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,863 |
| Total Monthly Debt Service | $2,242 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1997
0.31 Acres lot
$N/A/sqft
No HOA
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
Single Family
Built in 1997
0.31 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dan Bragg • Berkshire Hathaway Home
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22047887