8231 E Landersdale Rd, Camby, IN, 46113 | $113/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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8231 E Landersdale Rd, Camby, IN, 46113 | $113/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Camby at 8231 E Landersdale Rd, Camby, IN, 46113 priced at $379,000 converts $2,388/mo rent into $113/mo cash flow after a $1,855/mo obligation. Total monthly income equals $2,388/mo, and annual cash flow totals $1,355/yr on $125,639 invested. Return on cash invested prints 20.99% in year one, and rental yield reads 7.56% against a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation compiles into $104,711 by year five. Five-year ROI reaches 108.38% and total cumulative return in cash sums $136,163. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,388/mo property income covering a $1,855/mo payment, not borrower’s personal income.

Single Family

Built in 2016

1 Acres lot

$N/A/sqft

No HOA

More details about the property

This house is a one story craftsman style home, heated with an electric furnace, with the option of using a wood burning stove fireplace. The ceilings are tall and every window has interior design framed louver blinds. A functional floor plan has the primary bedroom off the kitchen with an open concept dining/living room area separating the kitchen from the other bedrooms. The house has an office/den room, which could be used as a 3rd bedroom. When it was built, attention to fixtures gave it a design motif that is consistent in the house. It has a Kinetico water system including R/O filtration. The 2 car garage is attached to the house. The lot is 1 acre with a 20x25 shed, surrounded on 3 sides by woods and trees.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46113, Camby, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,533 (100%)
Owner Occupied HU	4,806 (73.6%)
Renter Occupied HU	1,432 (21.9%)
Vacant Housing Units	295 ( 4.5%)
Median Home Value	$248,855
Average Home Value	$281,857