407 W State StPendletonIN46064
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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 Pendleton at 407 W State St, Pendleton, IN, 46064 priced at $447,000 pairs $2,218/mo rent with after a $2,188/mo payment. Total monthly income equals $2,218/mo. Return on cash invested is 16.14% in year one, and rental yield stands at 5.95% on a $447,000 basis. Equity gained on principal adds $2,884/yr, and 5% annual appreciation accumulates to $123,498 by year five. Five-year ROI measures 82.39% and total cumulative return in cash reaches $122,088. For financing, Ziffy Mortgage’s DSCR program evaluates $2,218/mo property income against a $2,188/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1938
9,513 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46064, Pendleton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,339 (100%) |
| Owner Occupied HU | 5,147 (81.2%) |
| Renter Occupied HU | 879 (13.9%) |
| Vacant Housing Units | 313 ( 4.9%) |
| Median Home Value | $283,028 |
| Average Home Value | $322,206 |
Housing Distribution
Address Breakdown
Residential
6,945
Single Family
6,893
Multi-Family
52
Businesses
417
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