8692 Mills Wood WayMcCordsvilleIN46055
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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 8692 Mills Wood Way, McCordsville, IN, 46055 uses $117,129 cash to close to unlock $2,273/yr annual cash flow and $189/mo monthly cash flow. Total monthly income runs $2,310/mo, and a $1,729/mo payment keeps the spread at $189/mo. Purchase price stands at $353,330, and rental yield measures 7.85% with $2,310/mo rent. Return on cash invested shows 21.85% in year one, and 5% annual appreciation builds toward $97,619 over five years. Five-year ROI reaches 113.03% and total cumulative return in cash records $132,387. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,310/mo property income covering a $1,729/mo payment rather than investor’s personal income.
Single Family
Built in 2026
8,712 sqft 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: Erin Hundley • Compass Indiana, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22080011