1002 Franklin StRochesterIN46975
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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
Investment property for sale in Rochester at 1002 Franklin St, Rochester, IN, 46975 uses $62,985 cash to close to unlock $6,017/yr annual cash flow and $501/mo monthly cash flow. Total monthly income runs $1,642/mo, and a $930/mo payment keeps the spread at $501/mo. Purchase price stands at $190,000, and rental yield measures 10.37% with $1,642/mo rent. Return on cash invested shows 29.46% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 153.87% and total cumulative return in cash records $96,912. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,642/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46975, Rochester, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,778 (100%) |
| Owner Occupied HU | 4,464 (65.9%) |
| Renter Occupied HU | 1,433 (21.1%) |
| Vacant Housing Units | 881 (13.0%) |
| Median Home Value | $209,010 |
| Average Home Value | $245,757 |
Housing Distribution
Address Breakdown
Residential
6,117
Single Family
6,067
Multi-Family
50
Businesses
519
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