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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% |
Investment property for sale in Cloverdale at 624 Stardust Way, Cloverdale, IN, 46120 with 5% annual appreciation on a $137,000 basis while $2,069/mo rent supports operations. Total monthly income totals $2,069/mo and a $671/mo payment preserves $1,225/mo for cash returns. Annual cash flow comes to $14,704/yr on $45,416 deployed, and return on cash invested reaches 52.29% in year one. Equity gained on principal adds $884/yr, and five-year appreciation sums $37,851 alongside rental yield of 18.12%. Five-year ROI measures 276.47% and total cumulative return in cash totals $125,560.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,069/mo property income versus a $671/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1993
7,405 sqft lot
$N/A/sqft
$250 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 |
|---|---|---|
| 2024-11-15 | Sold | $137,000 |
| 2024-10-17 | Pending sale | $145,000 |
| 2024-09-25 | Listed for sale | $145,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-25 | $230.64 | -5.88% | $84,500 | 55.90% |
| 2023-10-25 | $245.04 | 0.62% | $54,200 | N/A |
| 2022-10-25 | $243.54 | -3.31% | $54,200 | 7.33% |
Listed by: Rachael Phillips • In-Site Real Estate Services
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22000298
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-25 00:23:02 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)
