1026 E Ridge DrDecaturIN46733
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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 Decatur at 1026 E Ridge Dr, Decatur, IN, 46733 priced at $208,000 converts $1,680/mo rent into $431/mo cash flow after a $1,018/mo obligation. Total monthly income equals $1,680/mo, and annual cash flow totals $5,178/yr on $68,952 invested. Return on cash invested prints 27.42% in year one, and rental yield reads 9.69% against a $208,000 entry. Equity gained on principal adds $1,342/yr, while 5% annual appreciation compiles into $57,467 by year five. Five-year ROI reaches 142.92% and total cumulative return in cash sums $98,544. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,680/mo property income covering a $1,018/mo payment, not borrower’s personal income.
Single Family
Built in 2001
8,276 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 46733, Decatur, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,091 (100%) |
| Owner Occupied HU | 5,906 (73.0%) |
| Renter Occupied HU | 1,700 (21.0%) |
| Vacant Housing Units | 485 ( 6.0%) |
| Median Home Value | $216,630 |
| Average Home Value | $273,796 |
Housing Distribution
Address Breakdown
Residential
7,603
Single Family
7,462
Multi-Family
141
Businesses
584
Price History
Date | Event | Price |
|---|---|---|
| 2025-06-11 | Sold | $208,000 |
| 2025-05-07 | Pending sale | $199,900 |
| 2025-05-06 | Listed for sale | $199,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2001
- Architectural Style: Ranch
- Building Area: 1,138
- Living Area: 1,138 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
- Flooring: N/A
- Interior Features: Ceiling Fan(s)
- Exterior Features: N/A
- Parking Features: Attached, Garage Door Opener, Concrete
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: City
- Water Source: City
- Road Surface Type: N/A
School Information
- Elementary School: Bellmont
- Middle School: Bellmont
- High School: Bellmont
Listed by: Lacey Caffee • Ideal REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516155
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.