5331 Summerton StMcCordsvilleIN46055
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
Rental property for sale in McCordsville at 5331 Summerton St, McCordsville, IN, 46055 generates $8,640/mo in rent and, after a $2,243/mo payment, leaves $5,889/mo in cash flow. Total monthly income is $8,640/mo, and annual cash flow is $70,669/yr on $151,926 invested. Return on cash invested sits at 66.42% in year one, and rental yield is 22.62% on a $458,300 entry. Equity gained on principal adds $2,957/yr, while 5% annual appreciation builds toward $126,620 over five years. Five-year ROI reaches 352.05% and total cumulative return in cash sums $534,860. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,640/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46055, Mc Cordsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,884 (100%) |
| Owner Occupied HU | 5,875 (85.3%) |
| Renter Occupied HU | 683 ( 9.9%) |
| Vacant Housing Units | 326 ( 4.7%) |
| Median Home Value | $345,800 |
| Average Home Value | $387,714 |
Housing Distribution
Address Breakdown
Residential
6,314
Single Family
6,161
Multi-Family
153
Businesses
243
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A