9 Melody CtBeech GroveIN46107
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
Investment property for sale in Beech Grove at 9 Melody Ct, Beech Grove, IN, 46107 at $239,600 posts ROI 29.07% with $606/mo cash flow from $2,045/mo rent. Total monthly income equals $2,045/mo, and annual cash flow records $7,277/yr on $79,427 to close. Return on cash invested measures 29.07% and rental yield reads 10.24% at the current $239,600. Equity gained on principal adds $1,546/yr, and 5% annual appreciation supports $66,197 by year five. Five-year ROI prints 151.77% and total cumulative return in cash totals $120,549.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,045/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1967
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46107, Beech Grove, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,159 (100%) |
| Owner Occupied HU | 3,514 (57.1%) |
| Renter Occupied HU | 2,355 (38.2%) |
| Vacant Housing Units | 290 ( 4.7%) |
| Median Home Value | $203,816 |
| Average Home Value | $235,733 |
Housing Distribution
Address Breakdown
Residential
5,707
Single Family
4,805
Multi-Family
902
Businesses
336
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Nearby investment properties with comparable prices
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