Bradford Plan, Grant's CornerCumberlandIN46229
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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 Cumberland at Bradford Plan, Grant's Corner, Cumberland, IN, 46229 priced at $243,300 pairs $2,117/mo rent with $656/mo cash flow after a $1,191/mo payment. Total monthly income equals $2,117/mo, and annual cash flow comes to $7,876/yr on $80,654 invested. Return on cash invested is 29.67% in year one, and rental yield stands at 10.44% on a $243,300 basis. Equity gained on principal adds $1,570/yr, and 5% annual appreciation accumulates to $67,219 by year five. Five-year ROI measures 155% and total cumulative return in cash reaches $125,010. For financing, Ziffy Mortgage’s DSCR program evaluates $2,117/mo property income against a $1,191/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46229, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,954 (100%) |
| Owner Occupied HU | 6,415 (53.7%) |
| Renter Occupied HU | 4,840 (40.5%) |
| Vacant Housing Units | 699 ( 5.8%) |
| Median Home Value | $226,104 |
| Average Home Value | $283,888 |
Housing Distribution
Address Breakdown
Residential
11,928
Single Family
10,510
Multi-Family
1,418
Businesses
682
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Listed by: Zach Banks • Olthof Homes
Mls Name: Olthof Homes
Mls Provider:
Mls ID: #N/A