1022 W Raymond StBrownstownIN47220
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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 Brownstown at 1022 W Raymond St, Brownstown, IN, 47220 generates $0/mo in rent, after a $611/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -1.81% in year one, and rental yield is 0% on a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,508 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47220, Brownstown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,330 (100%) |
| Owner Occupied HU | 1,642 (70.5%) |
| Renter Occupied HU | 520 (22.3%) |
| Vacant Housing Units | 168 ( 7.2%) |
| Median Home Value | $207,143 |
| Average Home Value | $257,322 |
Housing Distribution
Address Breakdown
Residential
2,285
Single Family
2,261
Multi-Family
24
Businesses
210
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No similar rental properties found nearby.
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Listed by: Rick Grant • JOE HOENE REALTY TEAM
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22074374