Ironwood Plan, Penrose : Penrose VentureDanvilleIN46122
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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 Danville at Ironwood Plan, Penrose: Penrose Venture, Danville, IN, 46122 offers $2,833/mo rent that, after a $1,879/mo payment, leaves $528/mo cash flow. Total monthly income is $2,833/mo, and annual cash flow is $6,341/yr on $127,294 cash. Return on cash invested measures 24.89% in year one, and rental yield stands at 8.85% at a $383,995 entry. Equity gained on principal adds $2,478/yr while 5% annual appreciation compounds into $106,091 by year five. Five-year ROI records 129.32% and total cumulative return in cash reaches $164,623. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,833/mo property income versus a $1,879/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
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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