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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 Cloverdale at 597 Lazy River Rd, Cloverdale, IN, 46120 generates $1,684/mo in rent and, after a $808/mo payment, leaves $670/mo in cash flow. Total monthly income is $1,684/mo, and annual cash flow is $8,037/yr on $54,698 invested. Return on cash invested sits at 34.6% in year one, and rental yield is 12.25% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 181.59% and total cumulative return in cash sums $99,323. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,684/mo property income rather than buyer’s personal income.
Manufactured
Built in 2006
8,276 sqft lot
$N/A/sqft
$280 annually HOA
Neighborhood data shown for ZIP Code: 46120, Cloverdale, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,766 (100%) |
| Owner Occupied HU | 2,044 (73.9%) |
| Renter Occupied HU | 506 (18.3%) |
| Vacant Housing Units | 216 ( 7.8%) |
| Median Home Value | $200,155 |
| Average Home Value | $230,073 |
Residential
2,414
Single Family
2,414
Multi-Family
0
Businesses
184
Date | Event | Price |
|---|---|---|
| 2025-09-22 | Sold | $165,000 |
| 2025-08-09 | Pending sale | $165,000 |
| 2025-08-08 | Listed for sale | $165,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-12 | $435.12 | -6.30% | $137,500 | 54.67% |
| 2023-10-12 | $464.36 | 10.09% | $88,900 | -1.98% |
| 2022-10-12 | $421.80 | -5.47% | $90,700 | 7.21% |
Listed by: Mary Looper • F.C. Tucker Advantage, REALTOR
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22055551
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-11 21:05:30 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)
