302 Northpointe Ct, Danville, IN, 46122 | 5.24% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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302 Northpointe Ct, Danville, IN, 46122 | 5.24% Rental Yield | 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 Danville at 302 Northpointe Ct, Danville, IN, 46122 offers $1,398/mo rent that, after a $1,566/mo payment. Total monthly income is $1,398/mo. Return on cash invested measures 14% in year one, and rental yield stands at 5.24% at a $320,000 entry. Equity gained on principal adds $2,065/yr while 5% annual appreciation compounds into $88,410 by year five. Five-year ROI records 70.92% and total cumulative return in cash reaches $75,231. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,398/mo property income versus a $1,566/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1993

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautifully Updated Condo in the Wonderful Neighborhood of Northpointe Condos. You will Love the Location and just a Golf Cart Ride Away from all the Amenities of Downtown Danville. The Great Room Serves as a Welcoming Focal Point Enhanced by a Gas Fireplace that offers a Cozy Ambiance and Crown Molding that Adds Architectural Detail to the Space. The Updated Kitchen offers a Stylish and Functional Area for Culinary Endeavors complete with a Kitchen Bar, Granite Counters, Beautiful Cabinets, SS Appliances and Backsplash. The Primary Bedroom offers a Peaceful Retreat, Enhanced by Crown Molding and an Ensuite Bathroom that Provides Convenience and Privacy. The Primary Bathroom features a Tiled Walk-In Shower and a Double Vanity and 2 Walk In Closets. The Guest Bath has Also Been Updated with Newer Vanity and Tiled Walk-In Shower. You will Love the Sunroom looking onto your Private Patio and Garden Area. Come See How Wonderful Living can be at Northpointe.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46122, Danville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,372 (100%)
Owner Occupied HU	5,687 (77.1%)
Renter Occupied HU	1,515 (20.6%)
Vacant Housing Units	170 ( 2.3%)
Median Home Value	$320,534
Average Home Value	$354,582