306 Some Day Way, Cloverdale, IN, 46120 | 5.36% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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306 Some Day Way, Cloverdale, IN, 46120 | 5.36% 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 Cloverdale at 306 Some Day Way, Cloverdale, IN, 46120 generates $960/mo in rent, after a $1,052/mo payment. Total monthly income is $960/mo. Return on cash invested sits at 14.35% in year one, and rental yield is 5.36% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 72.79% and total cumulative return in cash sums $51,877. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $960/mo property income rather than buyer’s personal income.

Manufactured

Built in 2025

0.31 Acres lot

$N/A/sqft

No HOA

More details about the property

Move into your BRAND NEW 3BR 3BA GORGEOUS 2040SF home on a large, nice corner lot in Stardust Hills. Foundation is in and builder is planning for completion end of July 2025 so bring your buyers for this turnkey transaction without the construction loan which qualifies loans for USDA NO MONEY DOWN LOAN, FHA, FHA WITH ASSISTANCE DOWN PAYMENT, CONVENTIONAL, INSURED CONVENTIONAL AND POSSILBY MORE! Comes with builder warranty! This home is inviting you in the door with the large, beautiful kitchen with stunning center island for entertaining and separate area for dining. Large living room area with built in shelves and all new appliance package! The large primary bedroom has a double sink vanity with large, gorgeous Walkin shower and the beautiful soaking tub for your bubble baths! Cloverdale Schools. I-70 is only 1.5 miles away. High fiber internet available. Enjoy access to 5 Maintained Fishing Ponds, and Community Clubhouse, Inground Pool, Basketball Courts and over 52 Acres of Common Area. This is the home for you!! Visit the link below to see the picture package of this home! https://discover.matterport.com/space/W3WgZc4q1nE

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