37 Play Way, Cloverdale, IN, 46120 | 6.42% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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37 Play Way, Cloverdale, IN, 46120 | 6.42% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

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

Investment property for sale in Cloverdale at 37 Play Way, Cloverdale, IN, 46120 earns from $960/mo rent with a $878/mo payment. Total monthly income totals $960/mo. ROI tracks 17.55% on current figures, and rental yield reads 6.42% at a $179,457 purchase. Equity gained on principal adds $1,158/yr, and 5% annual appreciation supports $49,581 over five years. Five-year ROI reaches 90.03% and total cumulative return in cash sums $53,558. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $960/mo property income instead of your personal income.

Single Family

Built in 2025

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Located at 37 Play WAY, in the charming town of CLOVERDALE, Indiana, this single-family residence in Putnam County presents a unique opportunity to embrace comfortable living. Built in 2025, this property offers modern appeal. The residence features two bedrooms, providing personal space for rest and rejuvenation, allowing residents to create havens tailored to their individual tastes and preferences. The single full bathroom offers a functional space. With 720 square feet of living area, this single-story home has an inviting layout. The generous lot area provides ample room for outdoor activities and the creation of your outdoor oasis. This single-family residence offers a chance to craft a delightful lifestyle in a vibrant community.

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