8509 N Ricks Dr EMcCordsvilleIN46055
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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 McCordsville at 8509 N Ricks Dr E, McCordsville, IN, 46055 earns $241/mo cash flow from $2,156/mo rent with a $1,561/mo payment. Total monthly income totals $2,156/mo, and annual cash flow totals $2,897/yr on $105,749 capital. ROI tracks 22.65% on current figures, and rental yield reads 8.11% at a $319,000 purchase. Equity gained on principal adds $2,058/yr, and 5% annual appreciation supports $88,134 over five years. Five-year ROI reaches 117.3% and total cumulative return in cash sums $124,045. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,156/mo property income instead of your personal income.
Single Family
Built in 1961
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46055, Mc Cordsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,884 (100%) |
| Owner Occupied HU | 5,875 (85.3%) |
| Renter Occupied HU | 683 ( 9.9%) |
| Vacant Housing Units | 326 ( 4.7%) |
| Median Home Value | $345,800 |
| Average Home Value | $387,714 |
Housing Distribution
Address Breakdown
Residential
6,314
Single Family
6,161
Multi-Family
153
Businesses
243
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Listed by: Randi Ousley • Cunningham Concierge Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22071763