8440 S Leonard AdditionCambridge CityIN47327
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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 Cambridge City at 8440 S Leonard Addition, Cambridge City, IN, 47327 listed at $174,900 pairs $1,356/mo rent with a $856/mo payment to leave $306/mo cash flow. Total monthly income runs $1,356/mo, and annual cash flow reaches $3,674/yr on $57,979 cash to close. Return on cash invested measures 26.25% in year one, and rental yield registers 9.3% at a $174,900 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,322 by year five. Five-year ROI tracks 136.64% and total cumulative return in cash totals $79,224. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,356/mo property income relative to a $856/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47327, Cambridge City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,327 (100%) |
| Owner Occupied HU | 1,565 (67.3%) |
| Renter Occupied HU | 535 (23.0%) |
| Vacant Housing Units | 227 ( 9.8%) |
| Median Home Value | $178,159 |
| Average Home Value | $225,029 |
Housing Distribution
Address Breakdown
Residential
1,738
Single Family
1,657
Multi-Family
81
Businesses
152
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Listed by: Nicholas Lucas • AMR Real Estate Richmond
Mls Name: RLMS
Mls ID: #10052643