Cheswicke II Plan, RockportMcCordsvilleIN46055
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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
Investment property for sale in McCordsville at Cheswicke II Plan, Rockport, McCordsville, IN, 46055 with 5% annual appreciation on a $442,990 basis while $3,172/mo rent supports operations. Total monthly income totals $3,172/mo and a $2,168/mo payment preserves $513/mo for cash returns. Annual cash flow comes to $6,156/yr on $146,851 deployed, and return on cash invested reaches 24.1% in year one. Equity gained on principal adds $2,859/yr, and five-year appreciation sums $122,390 alongside rental yield of 8.59%. Five-year ROI measures 125.11% and total cumulative return in cash totals $183,721.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,172/mo property income versus a $2,168/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2026
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 • M/I Homes
Mls Name: M/I Homes
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