1 Avenue BWestvilleIN46391
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Westville at 1 Avenue B, Westville, IN, 46391 uses $68,256 cash to close to unlock $2,158/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $1,416/mo, and a $1,008/mo payment keeps the spread at $180/mo. Purchase price stands at $205,900, and rental yield measures 8.25% with $1,416/mo rent. Return on cash invested shows 23.07% in year one, and 5% annual appreciation builds toward $56,886 over five years. Five-year ROI reaches 119.57% and total cumulative return in cash records $81,612. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,416/mo property income covering a $1,008/mo payment rather than investor’s personal income.
Single Family
Built in 1948
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46391, Westville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,666 (100%) |
| Owner Occupied HU | 2,138 (80.2%) |
| Renter Occupied HU | 320 (12.0%) |
| Vacant Housing Units | 208 ( 7.8%) |
| Median Home Value | $282,919 |
| Average Home Value | $313,773 |
Housing Distribution
Address Breakdown
Residential
2,427
Single Family
2,197
Multi-Family
230
Businesses
109
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices