Maxwell 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 Maxwell Plan, The Cove, Fortville, IN, 46040 generates $3,325/mo in rent and, after a $2,168/mo payment, leaves $666/mo in cash flow. Total monthly income is $3,325/mo, and annual cash flow is $7,992/yr on $146,851 invested. Return on cash invested sits at 25.35% in year one, and rental yield is 9.01% on a $442,990 entry. Equity gained on principal adds $2,859/yr, while 5% annual appreciation builds toward $122,390 over five years. Five-year ROI reaches 131.81% and total cumulative return in cash sums $193,561. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,325/mo property income rather than buyer’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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