BUCHANAN Plan, ColonnadeMcCordsvilleIN46055
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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
Investment property for sale in McCordsville at BUCHANAN Plan, Colonnade, McCordsville, IN, 46055 offers a 7.18% rental yield on a $597,900 purchase with $3,577/mo rent. 99% in year one. Equity gained on principal adds $3,858/yr while 5% annual appreciation supports $165,189 over five years. Portfolio math shows five-year ROI at 103.01% and total cumulative return in cash at $202,620. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,577/mo property income against a $2,926/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46055, Mc Cordsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,884 (100%) |
| Owner Occupied HU | 5,875 (85.3%) |
| Renter Occupied HU | 683 ( 9.9%) |
| Vacant Housing Units | 326 ( 4.7%) |
| Median Home Value | $345,800 |
| Average Home Value | $387,714 |
Housing Distribution
Address Breakdown
Residential
6,314
Single Family
6,161
Multi-Family
153
Businesses
243
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Listed by: N/A • Drees Homes
Mls Name: Drees Homes
Mls Provider:
Mls ID: #N/A