The Terreton Plan, MidlandWestfieldIN46074
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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 Westfield at The Terreton Plan, Midland, Westfield, IN, 46074 priced at $497,900 converts $2,640/mo rent into after a $2,437/mo obligation. Total monthly income equals $2,640/mo. Return on cash invested prints 17.37% in year one, and rental yield reads 6.36% against a $497,900 entry. Equity gained on principal adds $3,213/yr, while 5% annual appreciation compiles into $137,561 by year five. Five-year ROI reaches 89.01% and total cumulative return in cash sums $146,912. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $2,437/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46074, Westfield, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,825 (100%) |
| Owner Occupied HU | 16,826 (77.1%) |
| Renter Occupied HU | 3,538 (16.2%) |
| Vacant Housing Units | 1,461 ( 6.7%) |
| Median Home Value | $463,787 |
| Average Home Value | $528,199 |
Housing Distribution
Address Breakdown
Residential
20,309
Single Family
19,958
Multi-Family
351
Businesses
970
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