Mercer Plan, Cardinal PointeLebanonIN46052
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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 Lebanon at Mercer Plan, Cardinal Pointe, Lebanon, IN, 46052 offers $2,297/mo rent that, after a $1,963/mo payment. Total monthly income is $2,297/mo. Return on cash invested measures 18.91% in year one, and rental yield stands at 6.87% at a $400,990 entry. Equity gained on principal adds $2,588/yr while 5% annual appreciation compounds into $110,786 by year five. Five-year ROI records 97.26% and total cumulative return in cash reaches $129,291. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,297/mo property income versus a $1,963/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46052, Lebanon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,620 (100%) |
| Owner Occupied HU | 7,092 (66.8%) |
| Renter Occupied HU | 2,845 (26.8%) |
| Vacant Housing Units | 683 ( 6.4%) |
| Median Home Value | $249,031 |
| Average Home Value | $321,785 |
Housing Distribution
Address Breakdown
Residential
10,065
Single Family
9,322
Multi-Family
743
Businesses
800
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