Cordoba Plan, Grant's CornerCumberlandIN46229
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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 Cumberland at Cordoba Plan, Grant's Corner, Cumberland, IN, 46229 earns $588/mo cash flow from $2,087/mo rent with a $1,222/mo payment. Total monthly income totals $2,087/mo, and annual cash flow totals $7,060/yr on $82,742 capital. ROI tracks 28.44% on current figures, and rental yield reads 10.03% at a $249,600 purchase. Equity gained on principal adds $1,611/yr, and 5% annual appreciation supports $68,960 over five years. Five-year ROI reaches 148.4% and total cumulative return in cash sums $122,788. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,087/mo property income instead of your personal income.
Multi Family
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