424 E Rodney StBrownsburgIN46112
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Brownsburg at 424 E Rodney St, Brownsburg, IN, 46112 offers a 8.64% rental yield on a $206,500 purchase with $1,487/mo rent. Total monthly income registers $1,487/mo, and a $1,011/mo payment leaves $247/mo available for distribution. Annual cash flow reaches $2,966/yr on $68,455 to close, and return on cash invested stands at 24.24% in year one. Equity gained on principal adds $1,333/yr while 5% annual appreciation supports $57,052 over five years. Portfolio math shows five-year ROI at 125.89% and total cumulative return in cash at $86,181. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,487/mo property income against a $1,011/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46112, Brownsburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,870 (100%) |
| Owner Occupied HU | 13,977 (78.2%) |
| Renter Occupied HU | 3,408 (19.1%) |
| Vacant Housing Units | 485 ( 2.7%) |
| Median Home Value | $321,702 |
| Average Home Value | $356,401 |
Housing Distribution
Address Breakdown
Residential
16,923
Single Family
16,235
Multi-Family
688
Businesses
1,083
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joy Skidmore • Single Source Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22048870