6609 Dogwood DrMcCordsvilleIN46055
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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
Rental property for sale in McCordsville at 6609 Dogwood Dr, McCordsville, IN, 46055 priced at $910,000 pairs $8,640/mo rent with $3,119/mo cash flow after a $4,454/mo payment. Total monthly income equals $8,640/mo, and annual cash flow comes to $37,429/yr on $299,390 invested. Return on cash invested is 32.56% in year one, and rental yield stands at 11.39% on a $910,000 basis. Equity gained on principal adds $5,872/yr, and 5% annual appreciation accumulates to $251,416 by year five. Five-year ROI measures 170.51% and total cumulative return in cash reaches $510,475. For financing, Ziffy Mortgage’s DSCR program evaluates $8,640/mo property income against a $4,454/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
0.35 Acres lot
$N/A/sqft
$175 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46055, Mc Cordsville, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
6,314
Single Family
6,161
Multi-Family
153
Businesses
243
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Listed by: Tina Smith • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22029524
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-16 08:07:49 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)