350 Morse Landing DrCiceroIN46034
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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
Rental property for sale in Cicero at 350 Morse Landing Dr, Cicero, IN, 46034 generates $2,492/mo in rent and, after a $1,784/mo payment, leaves $304/mo in cash flow. Total monthly income is $2,492/mo, and annual cash flow is $3,650/yr on $120,799 invested. Return on cash invested sits at 22.93% in year one, and rental yield is 8.21% on a $364,400 entry. Equity gained on principal adds $2,351/yr, while 5% annual appreciation builds toward $100,677 over five years. Five-year ROI reaches 118.83% and total cumulative return in cash sums $143,543. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,492/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46034, Cicero, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,424 (100%) |
| Owner Occupied HU | 2,743 (80.1%) |
| Renter Occupied HU | 503 (14.7%) |
| Vacant Housing Units | 178 ( 5.2%) |
| Median Home Value | $480,619 |
| Average Home Value | $488,950 |
Housing Distribution
Address Breakdown
Residential
2,991
Single Family
2,991
Multi-Family
0
Businesses
204
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