329 Lazy River Rd, Cloverdale, IN, 46120 | $213/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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329 Lazy River Rd, Cloverdale, IN, 46120 | $213/mo Cash Flow | Ziffy

For Sale

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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 329 Lazy River Rd, Cloverdale, IN, 46120 priced at $224,700 pairs $1,562/mo rent with $213/mo cash flow after a $1,100/mo payment. Total monthly income equals $1,562/mo, and annual cash flow comes to $2,555/yr on $74,488 invested. Return on cash invested is 23.34% in year one, and rental yield stands at 8.34% on a $224,700 basis. Equity gained on principal adds $1,450/yr, and 5% annual appreciation accumulates to $62,080 by year five. Five-year ROI measures 120.98% and total cumulative return in cash reaches $90,119. For financing, Ziffy Mortgage’s DSCR program evaluates $1,562/mo property income against a $1,100/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2025

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

Come see this beautifully-built 3 Bed/2 Bath modular home in the heart of Cloverdale & minutes from I-70 and US40! The family room features a stylish accent wall, and the kitchen boasts a large island, abundant countertop and cabinet space, and a designated dining area. A walk-in pantry is conveniently located just off the kitchen and provides ample storage. The spacious primary suite offers a large walk-in closet in the bedroom and an additional large closet in the bathroom, along with dual vanities and a full shower stall. Beds 2 & 3, each with generous closet space, are located on the opposite side of the home and share a full bathroom with a shower/tub combo. Prior to closing, a beautiful wood porch and a back deck will be added for outdoor enjoyment. Neighborhood amenities include over 52 acres of common ground, a clubhouse, in-ground pool, playground, and fishing ponds. This is an all-electric home in a wonderful community setting and comes with a 1-Year Builder's Warranty, 10-Year Structural Warranty, 1-Year HVAC Warranty, and more. Home also qualifies for FHA, USDA & VA Loans!

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