7348 Meadowlark Drive NELanesvilleIN47136
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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 Lanesville at 7348 Meadowlark Drive NE, Lanesville, IN, 47136 uses $79,560 cash to close to unlock $2,628/yr annual cash flow and $219/mo monthly cash flow. Total monthly income runs $1,660/mo, and a $1,175/mo payment keeps the spread at $219/mo. Purchase price stands at $240,000, and rental yield measures 8.3% with $1,660/mo rent. Return on cash invested shows 23.21% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 120.29% and total cumulative return in cash records $95,702. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,660/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1986
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47136, Lanesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,034 (100%) |
| Owner Occupied HU | 1,721 (84.6%) |
| Renter Occupied HU | 227 (11.2%) |
| Vacant Housing Units | 86 ( 4.2%) |
| Median Home Value | $304,545 |
| Average Home Value | $341,761 |
Housing Distribution
Address Breakdown
Residential
1,889
Single Family
1,889
Multi-Family
0
Businesses
69
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Listed by: Scotty Paden • Epique Realty Indianapolis
Mls Name: SIRA
Mls ID: #202605259