315 Summer Lake DrBedfordIN47421
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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
Investment Highlights
Investment property for sale in Bedford at 315 Summer Lake Dr, Bedford, IN, 47421 with 5% annual appreciation on a $279,400 basis while $2,530/mo rent supports operations. Total monthly income totals $2,530/mo and a $1,368/mo payment preserves $667/mo for cash returns. Annual cash flow comes to $8,008/yr on $92,621 deployed, and return on cash invested reaches 28.55% in year one. Equity gained on principal adds $1,803/yr, and five-year appreciation sums $77,193 alongside rental yield of 10.87%. Five-year ROI measures 149.86% and total cumulative return in cash totals $138,804.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,530/mo property income versus a $1,368/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2020
0.67 Acres lot
$N/A/sqft
$185 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47421, Bedford, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,866 (100%) |
| Owner Occupied HU | 8,906 (69.2%) |
| Renter Occupied HU | 2,874 (22.3%) |
| Vacant Housing Units | 1,086 ( 8.4%) |
| Median Home Value | $213,813 |
| Average Home Value | $236,330 |
Housing Distribution
Address Breakdown
Residential
12,447
Single Family
12,103
Multi-Family
344
Businesses
999
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