5306 Cody LnPlainfieldIN46168
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 5306 Cody Ln, Plainfield, IN, 46168 in Plainfield. Rental yield 5.63%. At $620,000 with 5.63% gross yield, current distributions are modest, but the 5% appreciation rate projects $171,295 in new equity by year five, complemented by $5,710/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.04) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $182,220.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 6.5% |
| Monthly Cash Flow | $(814) | $1,500 |
City averages based on Plainfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,908 |
| Total Monthly Debt Service | $3,475 |
| DSCR Ratio | 0.84x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1997
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46168, Plainfield, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,473 (100%) |
| Owner Occupied HU | 10,797 (65.5%) |
| Renter Occupied HU | 4,993 (30.3%) |
| Vacant Housing Units | 683 ( 4.1%) |
| Median Home Value | $287,004 |
| Average Home Value | $304,001 |
Housing Distribution
Address Breakdown
Residential
16,117
Single Family
14,534
Multi-Family
1,583
Businesses
1,370
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
Single Family
Built in 1997
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46168, Plainfield, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,473 (100%) |
| Owner Occupied HU | 10,797 (65.5%) |
| Renter Occupied HU | 4,993 (30.3%) |
| Vacant Housing Units | 683 ( 4.1%) |
| Median Home Value | $287,004 |
| Average Home Value | $304,001 |
Housing Distribution
Address Breakdown
Residential
16,117
Single Family
14,534
Multi-Family
1,583
Businesses
1,370
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela Tripp • BluPrint Real Estate Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22066758