Kensington Slab Plan, Saddle Club SouthBargersvilleIN46106
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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 Bargersville at Kensington Slab Plan, Saddle Club South, Bargersville, IN, 46106 priced at $468,990 converts $3,859/mo rent into $1,044/mo cash flow after a $2,295/mo obligation. Total monthly income equals $3,859/mo, and annual cash flow totals $12,531/yr on $155,470 invested. Return on cash invested prints 27.97% in year one, and rental yield reads 9.87% against a $468,990 entry. Equity gained on principal adds $3,026/yr, while 5% annual appreciation compiles into $129,573 by year five. Five-year ROI reaches 145.84% and total cumulative return in cash sums $226,732. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,859/mo property income covering a $2,295/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46106, Bargersville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,989 (100%) |
| Owner Occupied HU | 3,155 (79.1%) |
| Renter Occupied HU | 661 (16.6%) |
| Vacant Housing Units | 173 ( 4.3%) |
| Median Home Value | $399,938 |
| Average Home Value | $520,540 |
Housing Distribution
Address Breakdown
Residential
3,749
Single Family
3,749
Multi-Family
0
Businesses
165
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Listed by: Michelle Rinear • M/I Homes
Mls Name: M/I Homes
Mls Provider:
Mls ID: #N/A