872 Penrose PlDanvilleIN46122
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Danville at 872 Penrose Pl, Danville, IN, 46122 priced at $415,285 converts $2,797/mo rent into $304/mo cash flow after a $2,033/mo obligation. Total monthly income equals $2,797/mo, and annual cash flow totals $3,645/yr on $137,667 invested. Return on cash invested prints 22.56% in year one, and rental yield reads 8.08% against a $415,285 entry. Equity gained on principal adds $2,680/yr, while 5% annual appreciation compiles into $114,736 by year five. Five-year ROI reaches 116.8% and total cumulative return in cash sums $160,791. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,797/mo property income covering a $2,033/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46122, Danville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,372 (100%) |
| Owner Occupied HU | 5,687 (77.1%) |
| Renter Occupied HU | 1,515 (20.6%) |
| Vacant Housing Units | 170 ( 2.3%) |
| Median Home Value | $320,534 |
| Average Home Value | $354,582 |
Housing Distribution
Address Breakdown
Residential
7,196
Single Family
6,860
Multi-Family
336
Businesses
448
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