6865 W Philadelphia 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
Investment property for sale in McCordsville at 6865 W Philadelphia Dr, McCordsville, IN, 46055 offers a 9.38% rental yield on a $279,900 purchase with $2,188/mo rent. Total monthly income registers $2,188/mo, and a $1,370/mo payment leaves $508/mo available for distribution. Annual cash flow reaches $6,093/yr on $92,787 to close, and return on cash invested stands at 26.48% in year one. Equity gained on principal adds $1,806/yr while 5% annual appreciation supports $77,331 over five years. Portfolio math shows five-year ROI at 137.83% and total cumulative return in cash at $127,885. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,188/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
6,969 sqft lot
$N/A/sqft
No 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: Judy Shelton • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22058671