376 N Grand Oak Dr #WFLRHBMooresvilleIN46158
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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 Mooresville at 376 N Grand Oak Dr #WFLRHB, Mooresville, IN, 46158 priced at $427,900 converts $3,181/mo rent into $613/mo cash flow after a $2,094/mo obligation. Total monthly income equals $3,181/mo, and annual cash flow totals $7,353/yr on $141,849 invested. Return on cash invested prints 25.09% in year one, and rental yield reads 8.92% against a $427,900 entry. Equity gained on principal adds $2,761/yr, while 5% annual appreciation compiles into $118,221 by year five. Five-year ROI reaches 130.39% and total cumulative return in cash sums $184,959. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,181/mo property income covering a $2,094/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46158, Mooresville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,312 (100%) |
| Owner Occupied HU | 8,092 (78.5%) |
| Renter Occupied HU | 1,784 (17.3%) |
| Vacant Housing Units | 436 ( 4.2%) |
| Median Home Value | $264,799 |
| Average Home Value | $297,407 |
Housing Distribution
Address Breakdown
Residential
9,920
Single Family
9,765
Multi-Family
155
Businesses
679
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