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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Cloverdale at 318 Frost Pl, Cloverdale, IN, 46120 uses $66,134 cash to close to unlock $275/yr annual cash flow and $23/mo monthly cash flow. Total monthly income runs $1,220/mo, and a $976/mo payment keeps the spread at $23/mo. Purchase price stands at $199,500, and rental yield measures 7.34% with $1,220/mo rent. Return on cash invested shows 20.32% in year one, and 5% annual appreciation builds toward $55,118 over five years. Five-year ROI reaches 104.83% and total cumulative return in cash records $69,331. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,220/mo property income covering a $976/mo payment rather than investor’s personal income.
Manufactured
Built in 2024
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46120, Cloverdale, IN area.
| 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 |
Residential
2,414
Single Family
2,414
Multi-Family
0
Businesses
184
Date | Event | Price |
|---|---|---|
| 2024-09-23 | Listed for sale | $199,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $102.64 | -4.56% | $22,700 | N/A |
| 2022-10-14 | $107.54 | -5.00% | $22,700 | 1.79% |
| 2021-10-14 | $113.20 | -8.12% | $22,300 | -1.76% |
Listed by: Beth Neeley • DOWN HOME REAL ESTATE AND AUCTION
Mls Name: THAAR
Mls Provider:
Mls ID: #104579
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Terre Haute Area Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright 2024 Terre Haute Area Association of Realtors. All Rights Reserved. Last Updated: 2024-10-14 10:10:35 PDT
