Grandin Plan, The CoveFortvilleIN46040
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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
Rental property for sale in Fortville at Grandin Plan, The Cove, Fortville, IN, 46040 priced at $557,990 converts $3,503/mo rent into $154/mo cash flow after a $2,731/mo obligation. Total monthly income equals $3,503/mo, and annual cash flow totals $1,843/yr on $183,579 invested. Return on cash invested prints 21.06% in year one, and rental yield reads 7.53% against a $557,990 entry. Equity gained on principal adds $3,601/yr, while 5% annual appreciation compiles into $154,162 by year five. Five-year ROI reaches 108.77% and total cumulative return in cash sums $199,678. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,503/mo property income covering a $2,731/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46040, Fortville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,759 (100%) |
| Owner Occupied HU | 5,701 (84.3%) |
| Renter Occupied HU | 808 (12.0%) |
| Vacant Housing Units | 250 ( 3.7%) |
| Median Home Value | $441,068 |
| Average Home Value | $493,644 |
Housing Distribution
Address Breakdown
Residential
6,553
Single Family
6,502
Multi-Family
51
Businesses
264
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