7424 Cindy DrMcCordsvilleIN46055
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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
Rental property for sale in McCordsville at 7424 Cindy Dr, McCordsville, IN, 46055 priced at $375,000 pairs $2,275/mo rent with $24/mo cash flow after a $1,835/mo payment. Total monthly income equals $2,275/mo, and annual cash flow comes to $292/yr on $124,313 invested. Return on cash invested is 20.14% in year one, and rental yield stands at 7.28% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 103.88% and total cumulative return in cash reaches $129,135. For financing, Ziffy Mortgage’s DSCR program evaluates $2,275/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1991
0.69 Acres 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: Steven Schell • White Stag Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22065644