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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Pendleton at Chatham Plan, Carrick Glen, Pendleton, IN, 46064 offers $2,645/mo rent that, after a $1,906/mo payment, leaves $307/mo cash flow. Total monthly income is $2,645/mo, and annual cash flow is $3,688/yr on $129,119 cash. Return on cash invested measures 22.77% in year one, and rental yield stands at 8.15% at a $389,500 entry. Equity gained on principal adds $2,513/yr while 5% annual appreciation compounds into $107,612 by year five. Five-year ROI records 117.93% and total cumulative return in cash reaches $152,275. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,645/mo property income versus a $1,906/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46064, Pendleton, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,339 (100%) |
| Owner Occupied HU | 5,147 (81.2%) |
| Renter Occupied HU | 879 (13.9%) |
| Vacant Housing Units | 313 ( 4.9%) |
| Median Home Value | $283,028 |
| Average Home Value | $322,206 |
Residential
6,945
Single Family
6,893
Multi-Family
52
Businesses
417
Date | Event | Price |
|---|---|---|
| 2024-10-05 | Price change | $389,500 |
| 2024-09-13 | Price change | $355,000 |
| 2024-06-29 | Price change | $350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Wendi Smith • D.R. Horton - Indianapolis
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A
