10237 W 700 NFarmlandIN47340
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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 Farmland at 10237 W 700 N, Farmland, IN, 47340 generates $1,224/mo in rent, after a $1,156/mo payment. Total monthly income is $1,224/mo. Return on cash invested sits at 16.94% in year one, and rental yield is 6.22% on a $236,100 entry. Equity gained on principal adds $1,524/yr, while 5% annual appreciation builds toward $65,230 over five years. Five-year ROI reaches 86.72% and total cumulative return in cash sums $67,874. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,224/mo property income rather than buyer’s personal income.
Manufactured
Built in 2003
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47340, Farmland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,244 (100%) |
| Owner Occupied HU | 912 (73.3%) |
| Renter Occupied HU | 228 (18.3%) |
| Vacant Housing Units | 104 ( 8.4%) |
| Median Home Value | $156,322 |
| Average Home Value | $188,931 |
Housing Distribution
Address Breakdown
Residential
931
Single Family
931
Multi-Family
0
Businesses
55
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