5822 W Deerview BndMcCordsvilleIN46055
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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 McCordsville at 5822 W Deerview Bnd, McCordsville, IN, 46055 offers a 8.43% rental yield on a $369,900 purchase with $2,599/mo rent. Total monthly income registers $2,599/mo, and a $1,810/mo payment leaves $379/mo available for distribution. Annual cash flow reaches $4,548/yr on $122,622 to close, and return on cash invested stands at 23.62% in year one. Equity gained on principal adds $2,387/yr while 5% annual appreciation supports $102,197 over five years. Portfolio math shows five-year ROI at 122.52% and total cumulative return in cash at $150,238. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,599/mo property income against a $1,810/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
6,999 sqft 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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Listed by: Joshua Vida • Paradigm Realty Solutions
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22077735