8690 Lester Pl, Pendleton, IN, 46064 | $87/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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8690 Lester Pl, Pendleton, IN, 46064 | $87/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

Investment property for sale in Pendleton at 8690 Lester Pl, Pendleton, IN, 46064 earns $87/mo cash flow from $2,578/mo rent with a $2,031/mo payment. Total monthly income totals $2,578/mo, and annual cash flow totals $1,044/yr on $137,573 capital. ROI tracks 20.67% on current figures, and rental yield reads 7.45% at a $415,000 purchase. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 over five years. Five-year ROI reaches 106.69% and total cumulative return in cash sums $146,781. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,578/mo property income instead of your personal income.

Single Family

Built in 2023

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 8690 Lester Pl, Pendleton, IN-a stunning newly constructed sanctuary where modern elegance meets comfort. Nestled within the serene landscape of Madison County, this exquisite single-family home offers a perfect blend of luxury and functionality. Step into the heart of the home-a chef's dream kitchen that effortlessly combines style with practicality. Featuring a spacious kitchen island, this area is ideal for culinary creations and casual gatherings alike. The elegant shaker cabinets and sophisticated backsplash add a touch of classic charm, while the inviting kitchen bar is perfect for entertaining guests. Unwind in the spa-inspired bathroom, designed to provide a blissful escape. Luxuriate in the walk-in shower and enjoy the convenience of a double vanity, creating a serene space for relaxation and rejuvenation. Encompassing 2,740 square feet, this two-story home boasts five generously-sized bedrooms, providing ample room for relaxation and privacy. The open floor plan enhances the home's airy feel, inviting natural light to dance through the rooms, creating an inviting atmosphere. Additional features include a convenient laundry room in the upper floor, a third-car garage and walk-in closets, offering abundant storage solutions to meet all your needs. Situated on a spacious 12,284 square foot lot, this property is perfectly poised in a tranquil residential area, offering an ideal environment for comfortable living. Don't miss this extraordinary opportunity to own a masterpiece of modern living at 8690 Lester Pl, where every detail is designed for your ultimate comfort and enjoyment.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46064, Pendleton, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,339 (100%)
Owner Occupied HU	5,147 (81.2%)
Renter Occupied HU	879 (13.9%)
Vacant Housing Units	313 ( 4.9%)
Median Home Value	$283,028
Average Home Value	$322,206