6747 Cherry Laurel LnFishersIN46038
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Fishers at 6747 Cherry Laurel Ln, Fishers, IN, 46038 listed at $306,900 pairs $2,520/mo rent with a $1,502/mo payment to leave $678/mo cash flow. Total monthly income runs $2,520/mo, and annual cash flow reaches $8,134/yr on $101,737 cash to close. Return on cash invested measures 27.9% in year one, and rental yield registers 9.85% at a $306,900 basis. Equity gained on principal adds $1,980/yr, and annual property appreciation at 5% supports $84,791 by year five. Five-year ROI tracks 145.46% and total cumulative return in cash totals $147,990. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,520/mo property income relative to a $1,502/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1991
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46038, Fishers, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,703 (100%) |
| Owner Occupied HU | 11,695 (66.1%) |
| Renter Occupied HU | 5,365 (30.3%) |
| Vacant Housing Units | 643 ( 3.6%) |
| Median Home Value | $349,324 |
| Average Home Value | $388,268 |
Housing Distribution
Address Breakdown
Residential
17,183
Single Family
15,385
Multi-Family
1,798
Businesses
1,622
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices