330 Lazy River RdCloverdaleIN46120
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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 Cloverdale at 330 Lazy River Rd, Cloverdale, IN, 46120 listed at $134,995 pairs $960/mo rent with a $661/mo payment to leave $149/mo cash flow. Total monthly income runs $960/mo, and annual cash flow reaches $1,793/yr on $44,751 cash to close. Return on cash invested measures 23.91% in year one, and rental yield registers 8.53% at a $134,995 basis. Equity gained on principal adds $871/yr, and annual property appreciation at 5% supports $37,297 by year five. Five-year ROI tracks 124.15% and total cumulative return in cash totals $55,559. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $960/mo property income relative to a $661/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1992
10,018 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
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Listed by: Lindsay Carter • Prime Real Estate ERA Powered
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22077436