Kensington Basement 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
Rental property for sale in McCordsville at Kensington Basement Plan, Rockport, McCordsville, IN, 46055 priced at $585,490 converts $3,654/mo rent into $139/mo cash flow after a $2,866/mo obligation. Total monthly income equals $3,654/mo, and annual cash flow totals $1,669/yr on $192,626 invested. Return on cash invested prints 20.93% in year one, and rental yield reads 7.49% against a $585,490 entry. Equity gained on principal adds $3,778/yr, while 5% annual appreciation compiles into $161,760 by year five. Five-year ROI reaches 108.04% and total cumulative return in cash sums $208,108. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,654/mo property income covering a $2,866/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: 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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