608 Pumpkin PlCloverdaleIN46120
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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 Cloverdale at 608 Pumpkin Pl, Cloverdale, IN, 46120 offers a 9.12% rental yield on a $184,999 purchase with $1,406/mo rent. Total monthly income registers $1,406/mo, and a $905/mo payment leaves $296/mo available for distribution. Annual cash flow reaches $3,552/yr on $61,327 to close, and return on cash invested stands at 25.7% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 133.63% and total cumulative return in cash at $81,950. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,406/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1995
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46120, Cloverdale, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
2,414
Single Family
2,414
Multi-Family
0
Businesses
184
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Listed by: BECKI GROSS • GREENE REALTY LLC
Mls Name: THAAR
Mls ID: #107264