8821 Schneider Ave UNIT 33HighlandIN46322
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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
Rental property for sale in Highland at 8821 Schneider Ave UNIT 33, Highland, IN, 46322 generates $1,002/mo in rent and, after a $636/mo payment, leaves $54/mo in cash flow. Total monthly income is $1,002/mo, and annual cash flow is $650/yr on $43,095 invested. Return on cash invested sits at 21.42% in year one, and rental yield is 9.25% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 112.47% and total cumulative return in cash sums $48,471. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,002/mo property income rather than buyer’s personal income.
Condo
Built in 1968
1 sqft lot
$N/A/sqft
$122 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46322, Highland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,588 (100%) |
| Owner Occupied HU | 7,922 (74.8%) |
| Renter Occupied HU | 2,280 (21.5%) |
| Vacant Housing Units | 386 ( 3.6%) |
| Median Home Value | $243,747 |
| Average Home Value | $271,248 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
8,500
Multi-Family
1,880
Businesses
918
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