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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in McCordsville at 5861 W Deerview Bnd, McCordsville, IN, 46055 priced at $342,500 converts $2,672/mo rent into $556/mo cash flow after a $1,676/mo obligation. Total monthly income equals $2,672/mo, and annual cash flow totals $6,672/yr on $113,539 invested. Return on cash invested prints 25.79% in year one, and rental yield reads 9.36% against a $342,500 entry. Equity gained on principal adds $2,210/yr, while 5% annual appreciation compiles into $94,626 by year five. Five-year ROI reaches 134.37% and total cumulative return in cash sums $152,567. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,672/mo property income covering a $1,676/mo payment, not borrower’s personal income.
Single Family
Built in 2005
7,797 sqft lot
$N/A/sqft
$140 quarterly HOA
Neighborhood data shown for ZIP Code: 46055, Mc Cordsville, IN area.
| 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 |
Residential
6,314
Single Family
6,161
Multi-Family
153
Businesses
243
Date | Event | Price |
|---|---|---|
| 2025-07-15 | Sold | $342,500 |
| 2025-06-30 | Pending sale | $350,000 |
| 2025-05-28 | Price change | $350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-18 | $3006.98 | 37.41% | $289,200 | 3.29% |
| 2023-10-18 | $2188.38 | 24.13% | $280,000 | 38.61% |
| 2022-10-18 | $1763.00 | 5.07% | $202,000 | 14.58% |
What's Special
Access Only
Listed by: Mike Scheetz • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22030922
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-17 22:52:50 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)
