5318 Ridge Hill WayAvonIN46123
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Avon rental at 5318 Ridge Hill Way, Avon, IN, 46123 sits in the solid-income band: 9.82% gross yield, $2,284/mo rent, $576/mo net after the $1,255/mo debt service, DSCR 1.82. Entry price of $279,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $77,083 and $2,570/yr in principal reduction bring total cumulative return to $142,832.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 7.2% |
| Monthly Cash Flow | $576 | $1,500 |
City averages based on Avon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,284 |
| Total Monthly Debt Service | $1,596 |
| DSCR Ratio | 1.43x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1987
7,840 sqft lot
$N/A/sqft
$267 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46123, Avon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,638 (100%) |
| Owner Occupied HU | 12,897 (77.5%) |
| Renter Occupied HU | 3,116 (18.7%) |
| Vacant Housing Units | 625 ( 3.8%) |
| Median Home Value | $326,962 |
| Average Home Value | $336,322 |
Housing Distribution
Address Breakdown
Residential
16,424
Single Family
15,189
Multi-Family
1,235
Businesses
779
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 1987
7,840 sqft lot
$N/A/sqft
$267 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46123, Avon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,638 (100%) |
| Owner Occupied HU | 12,897 (77.5%) |
| Renter Occupied HU | 3,116 (18.7%) |
| Vacant Housing Units | 625 ( 3.8%) |
| Median Home Value | $326,962 |
| Average Home Value | $336,322 |
Housing Distribution
Address Breakdown
Residential
16,424
Single Family
15,189
Multi-Family
1,235
Businesses
779
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacob Hahn • Wall and Associates
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21971113
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-25 05:18:01 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)