8054 Ridge Line DrPendletonIN46064
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $330,995, 8054 Ridge Line Dr, Pendleton, IN, 46064 in Pendleton generates $2,238/mo in rent (8.11% yield) but nets only $151/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.50) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $91,448. Total projected return: $135,450.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 7.0% |
| Monthly Cash Flow | $151 | $250 |
City averages based on Pendleton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,238 |
| Total Monthly Debt Service | $1,955 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
6,534 sqft lot
$N/A/sqft
$600 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46064, Pendleton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,339 (100%) |
| Owner Occupied HU | 5,147 (81.2%) |
| Renter Occupied HU | 879 (13.9%) |
| Vacant Housing Units | 313 ( 4.9%) |
| Median Home Value | $283,028 |
| Average Home Value | $322,206 |
Housing Distribution
Address Breakdown
Residential
6,945
Single Family
6,893
Multi-Family
52
Businesses
417
Nearby investment properties with comparable rents
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
Single Family
Built in 2025
6,534 sqft lot
$N/A/sqft
$600 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46064, Pendleton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,339 (100%) |
| Owner Occupied HU | 5,147 (81.2%) |
| Renter Occupied HU | 879 (13.9%) |
| Vacant Housing Units | 313 ( 4.9%) |
| Median Home Value | $283,028 |
| Average Home Value | $322,206 |
Housing Distribution
Address Breakdown
Residential
6,945
Single Family
6,893
Multi-Family
52
Businesses
417
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Erin Hundley • Compass Indiana, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22074269
Disclaimer: Based on information submitted to the MLS GRID as of 2026-02-10 18:33:09 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)