1003 N Morton AveCentervilleIN47330
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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 Centerville at 1003 N Morton Ave, Centerville, IN, 47330 uses $86,024 cash to close to unlock $7,505/yr annual cash flow and $625/mo monthly cash flow. Total monthly income runs $2,183/mo, and a $1,270/mo payment keeps the spread at $625/mo. Purchase price stands at $259,500, and rental yield measures 10.09% with $2,183/mo rent. Return on cash invested shows 28.63% in year one, and 5% annual appreciation builds toward $71,695 over five years. Five-year ROI reaches 149.39% and total cumulative return in cash records $128,513. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,183/mo property income covering a $1,270/mo payment rather than investor’s personal income.
Single Family
Built in 1973
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47330, Centerville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,348 (100%) |
| Owner Occupied HU | 1,704 (72.6%) |
| Renter Occupied HU | 443 (18.9%) |
| Vacant Housing Units | 201 ( 8.6%) |
| Median Home Value | $202,537 |
| Average Home Value | $240,484 |
Housing Distribution
Address Breakdown
Residential
2,334
Single Family
2,334
Multi-Family
0
Businesses
143
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Listed by: Cathleen Becker • Coldwell Banker Lingle
Mls Name: RLMS
Mls ID: #10052532