8167 Center Lake RdNinevehIN46164
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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 Nineveh at 8167 Center Lake Rd, Nineveh, IN, 46164 uses $99,052 cash to close to unlock $1,882/yr annual cash flow and $157/mo monthly cash flow. Total monthly income runs $1,950/mo, and a $1,462/mo payment keeps the spread at $157/mo. Purchase price stands at $298,800, and rental yield measures 7.83% with $1,950/mo rent. Return on cash invested shows 21.81% in year one, and 5% annual appreciation builds toward $82,553 over five years. Five-year ROI reaches 112.78% and total cumulative return in cash records $111,715. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,950/mo property income covering a $1,462/mo payment rather than investor’s personal income.
Single Family
Built in 2022
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46164, Nineveh, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,691 (100%) |
| Owner Occupied HU | 1,648 (61.2%) |
| Renter Occupied HU | 150 ( 5.6%) |
| Vacant Housing Units | 893 (33.2%) |
| Median Home Value | $327,011 |
| Average Home Value | $368,879 |
Housing Distribution
Address Breakdown
Residential
2,297
Single Family
2,297
Multi-Family
0
Businesses
68
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