7306 W County Road 600 Rd #14-602McCordsvilleIN46055
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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 7306 W County Road 600 Rd #14-602, McCordsville, IN, 46055 offers a 9.8% rental yield on a $342,990 purchase with $2,802/mo rent. Total monthly income registers $2,802/mo, and a $1,679/mo payment leaves $743/mo available for distribution. Annual cash flow reaches $8,914/yr on $113,701 to close, and return on cash invested stands at 27.75% in year one. Equity gained on principal adds $2,213/yr while 5% annual appreciation supports $94,762 over five years. Portfolio math shows five-year ROI at 144.64% and total cumulative return in cash at $164,457. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,802/mo property income against a $1,679/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
N/A 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: Marie Edwards • HMS Real Estate, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22004449