3999 N State Road 5CromwellIN46732
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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
Investment property for sale in Cromwell at 3999 N State Road 5, Cromwell, IN, 46732 uses $69,615 cash to close to unlock $9,579/yr annual cash flow and $798/mo monthly cash flow. Total monthly income runs $2,059/mo, and a $1,028/mo payment keeps the spread at $798/mo. Purchase price stands at $210,000, and rental yield measures 11.77% with $2,059/mo rent. Return on cash invested shows 33.67% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 176.45% and total cumulative return in cash records $122,836. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,059/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46732, Cromwell, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,362 (100%) |
| Owner Occupied HU | 828 (60.8%) |
| Renter Occupied HU | 313 (23.0%) |
| Vacant Housing Units | 221 (16.2%) |
| Median Home Value | $197,222 |
| Average Home Value | $259,263 |
Housing Distribution
Address Breakdown
Residential
1,098
Single Family
1,098
Multi-Family
0
Businesses
49
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Listed by: Amy Cavender • Northern Lakes Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439080
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.