972 Workington CirWestfieldIN46074
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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 Westfield at 972 Workington Cir, Westfield, IN, 46074 generates $3,390/mo in rent and, after a $2,193/mo payment, leaves $700/mo in cash flow. Total monthly income is $3,390/mo, and annual cash flow is $8,406/yr on $148,512 invested. Return on cash invested sits at 25.57% in year one, and rental yield is 9.08% on a $448,000 entry. Equity gained on principal adds $2,891/yr, while 5% annual appreciation builds toward $123,774 over five years. Five-year ROI reaches 132.96% and total cumulative return in cash sums $197,462. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,390/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46074, Westfield, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,825 (100%) |
| Owner Occupied HU | 16,826 (77.1%) |
| Renter Occupied HU | 3,538 (16.2%) |
| Vacant Housing Units | 1,461 ( 6.7%) |
| Median Home Value | $463,787 |
| Average Home Value | $528,199 |
Housing Distribution
Address Breakdown
Residential
20,309
Single Family
19,958
Multi-Family
351
Businesses
970
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