844 Ben Franklin St, Cloverdale, IN, 46120 | 3.49% Rental Yield

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844 Ben Franklin St, Cloverdale, IN, 46120 | 3.49% Rental Yield | 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 Cloverdale at 844 Ben Franklin St, Cloverdale, IN, 46120 priced at $329,995 converts $960/mo rent into after a $1,615/mo obligation. Total monthly income equals $960/mo. Return on cash invested prints 8.71% in year one, and rental yield reads 3.49% against a $329,995 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,172 by year five. Five-year ROI reaches 42.58% and total cumulative return in cash sums $46,581. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $960/mo property income covering a $1,615/mo payment, not borrower’s personal income.

Single Family

Built in 2021

0.35 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled in the charming town of Cloverdale, Indiana, discover the captivating residence at 844 Ben Franklin ST, a testament to modern living in Putnam County. Built in 2021, this home presents a wonderful opportunity to enjoy contemporary comfort and style. Within the expansive 3360 square feet of living area, discover the heart of this two-story single-family residence: three bedrooms and two full bathrooms. Each space is thoughtfully designed to maximize comfort and functionality, creating an atmosphere of refined relaxation. The property extends beyond the home itself, encompassing a generous 15246 square foot lot. This substantial parcel provides ample room for outdoor enjoyment, gardening, or simply savoring the peace and quiet of the surrounding landscape. This Cloverdale property offers an exceptional blend of space, style, and modern construction. The upstairs offers so many options to finish out into more bedrooms and a bathroom or recreation area. So many possibilities. There is also a tornado shelter here.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46120, Cloverdale, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,766 (100%)
Owner Occupied HU	2,044 (73.9%)
Renter Occupied HU	506 (18.3%)
Vacant Housing Units	216 ( 7.8%)
Median Home Value	$200,155
Average Home Value	$230,073