5045 Cardinal Drive NWDepauwIN47115
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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 Depauw at 5045 Cardinal Drive NW, Depauw, IN, 47115 offers a 9.93% rental yield on a $195,000 purchase with $1,614/mo rent. Total monthly income registers $1,614/mo, and a $954/mo payment leaves $444/mo available for distribution. Annual cash flow reaches $5,326/yr on $64,643 to close, and return on cash invested stands at 28.15% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 146.76% and total cumulative return in cash at $94,870. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,614/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47115, Depauw, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,061 (100%) |
| Owner Occupied HU | 805 (75.9%) |
| Renter Occupied HU | 146 (13.8%) |
| Vacant Housing Units | 110 (10.4%) |
| Median Home Value | $212,298 |
| Average Home Value | $215,112 |
Housing Distribution
Address Breakdown
Residential
998
Single Family
998
Multi-Family
0
Businesses
13
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