318 Frost PlCloverdaleIN46120
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 318 Frost Pl, Cloverdale, IN, 46120 in Cloverdale at $199,500 earns $1,220/mo in rent and nets $23/mo after the $897/mo payment, a 7.34% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $55,118 over five years. Ziffy Mortgage underwrites this on a 1.36 DSCR without U.S. credit history. With $1,837/yr in principal paydown, total projected return reaches $76,947.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 8.0% |
| Monthly Cash Flow | $23 | $250 |
City averages based on Cloverdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,220 |
| Total Monthly Debt Service | $1,118 |
| DSCR Ratio | 1.09x |
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.
Manufactured
Built in 2024
10,454 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,414
Single Family
2,414
Multi-Family
0
Businesses
184
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
Manufactured
Built in 2024
10,454 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,414
Single Family
2,414
Multi-Family
0
Businesses
184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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