9515 Red Cloud CtLeoIN46765
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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 Leo at 9515 Red Cloud Ct, Leo, IN, 46765 generates $3,138/mo in rent and, after a $2,154/mo payment, leaves $481/mo in cash flow. Total monthly income is $3,138/mo, and annual cash flow is $5,767/yr on $145,860 invested. Return on cash invested sits at 23.86% in year one, and rental yield is 8.56% on a $440,000 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 123.86% and total cumulative return in cash sums $180,658. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,138/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
0.31 Acres lot
$N/A/sqft
$189 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46765, Leo, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,046 (100%) |
| Owner Occupied HU | 1,849 (90.4%) |
| Renter Occupied HU | 130 ( 6.4%) |
| Vacant Housing Units | 67 ( 3.3%) |
| Median Home Value | $405,269 |
| Average Home Value | $423,158 |
Housing Distribution
Address Breakdown
Residential
2,067
Single Family
2,067
Multi-Family
0
Businesses
163
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Listed by: Beth Goldsmith • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516619
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.