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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 Westfield at 614 Hillcrest Dr, Westfield, IN, 46074 priced at $199,900 converts $1,538/mo rent into $338/mo cash flow after a $978/mo obligation. Total monthly income equals $1,538/mo, and annual cash flow totals $4,061/yr on $66,267 invested. Return on cash invested prints 26.04% in year one, and rental yield reads 9.23% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 135.51% and total cumulative return in cash sums $89,797. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,538/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46074, Westfield, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,825 (100%) |
| Owner Occupied HU | 16,826 (77.1%) |
| Renter Occupied HU | 3,538 (16.2%) |
| Vacant Housing Units | 1,461 ( 6.7%) |
| Median Home Value | $463,787 |
| Average Home Value | $528,199 |
Residential
20,309
Single Family
19,958
Multi-Family
351
Businesses
970
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lisa Stokes • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22066178
