360 Walnut StNoblesvilleIN46060
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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 Noblesville at 360 Walnut St, Noblesville, IN, 46060 priced at $160,000 converts $1,208/mo rent into $248/mo cash flow after a $783/mo obligation. Total monthly income equals $1,208/mo, and annual cash flow totals $2,972/yr on $53,040 invested. Return on cash invested prints 25.51% in year one, and rental yield reads 9.06% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 132.65% and total cumulative return in cash sums $70,358. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,208/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1920
6,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46060, Noblesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,550 (100%) |
| Owner Occupied HU | 12,660 (64.8%) |
| Renter Occupied HU | 5,790 (29.6%) |
| Vacant Housing Units | 1,100 ( 5.6%) |
| Median Home Value | $345,844 |
| Average Home Value | $407,062 |
Housing Distribution
Address Breakdown
Residential
18,803
Single Family
16,481
Multi-Family
2,322
Businesses
1,419
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