6887 Pine Vail BlvdMcCordsvilleIN46055
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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 6887 Pine Vail Blvd, McCordsville, IN, 46055 generates $3,163/mo in rent and, after a $2,569/mo payment, leaves $12/mo in cash flow. Total monthly income is $3,163/mo, and annual cash flow is $147/yr on $172,692 invested. Return on cash invested sits at 20.15% in year one, and rental yield is 7.23% on a $524,900 entry. Equity gained on principal adds $3,387/yr, while 5% annual appreciation builds toward $145,020 over five years. Five-year ROI reaches 103.85% and total cumulative return in cash sums $179,341. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,163/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
10,454 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: HARPREET SINGH • Bina Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22065557