Cortland Plan, Miles FarmDanvilleIN46122
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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 Danville at Cortland Plan, Miles Farm, Danville, IN, 46122 offers $2,766/mo rent that, after a $1,962/mo payment, leaves $360/mo cash flow. Total monthly income is $2,766/mo, and annual cash flow is $4,316/yr on $132,898 cash. Return on cash invested measures 23.16% in year one, and rental yield stands at 8.28% at a $400,900 entry. Equity gained on principal adds $2,587/yr while 5% annual appreciation compounds into $110,761 by year five. Five-year ROI records 120.02% and total cumulative return in cash reaches $159,502. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,766/mo property income versus a $1,962/mo payment rather than borrower’s personal income verification through 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: 46122, Danville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,372 (100%) |
| Owner Occupied HU | 5,687 (77.1%) |
| Renter Occupied HU | 1,515 (20.6%) |
| Vacant Housing Units | 170 ( 2.3%) |
| Median Home Value | $320,534 |
| Average Home Value | $354,582 |
Housing Distribution
Address Breakdown
Residential
7,196
Single Family
6,860
Multi-Family
336
Businesses
448
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Nearby investment properties with comparable prices
