396 Cool Evening Ct, Cloverdale, IN, 46120 | $282/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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396 Cool Evening Ct, Cloverdale, IN, 46120 | $282/mo Cash Flow | 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 396 Cool Evening Ct, Cloverdale, IN, 46120 listed at $113,000 pairs $960/mo rent with a $553/mo payment to leave $282/mo cash flow. Total monthly income runs $960/mo, and annual cash flow reaches $3,381/yr on $37,460 cash to close. Return on cash invested measures 28.94% in year one, and rental yield registers 10.19% at a $113,000 basis. Equity gained on principal adds $729/yr, and annual property appreciation at 5% supports $31,220 by year five. Five-year ROI tracks 151.03% and total cumulative return in cash totals $56,573. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $960/mo property income relative to a $553/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 1999

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

396 Winter Moon Ct. (formally Cool Evening Ct.), Cloverdale, IN 46120 - Located in the desirable Stardust Hills community, this beautifully maintained mobile home is MOVE-IN READY with all-new flooring, freshly painted walls, trim, and kitchen cabinets, plus a new XL sink. The overhead kitchen cabinets have been removed to create a true open-concept living area, making the home feel exceptionally spacious, while the kitchen still offers extra storage and a pantry. A convenient 7.5' x 5' laundry area is set up with a full-size washer and dryer. Outside features include a large carport with a 4' x 6' enclosed storage room and an additional 8' x 8' storage shed behind the home. Stardust Hills offers fantastic amenities including three stocked fishing ponds, a clubhouse, community pool, and playground. This well-kept, updated home is perfectly situated just minutes from Cloverdale conveniences and I-70 access. Seller is offering $3000 towards closing costs.

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