1028 Spicewood PlazaClarksvilleIN47129
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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 Clarksville at 1028 Spicewood Plaza, Clarksville, IN, 47129 offers a 11.3% rental yield on a $195,000 purchase with $1,837/mo rent. Total monthly income registers $1,837/mo, and a $954/mo payment leaves $667/mo available for distribution. Annual cash flow reaches $8,002/yr on $64,643 to close, and return on cash invested stands at 32.29% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 168.98% and total cumulative return in cash at $109,234. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,837/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
7,004 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47129, Clarksville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,788 (100%) |
| Owner Occupied HU | 4,747 (48.5%) |
| Renter Occupied HU | 4,093 (41.8%) |
| Vacant Housing Units | 948 ( 9.7%) |
| Median Home Value | $189,797 |
| Average Home Value | $217,139 |
Housing Distribution
Address Breakdown
Residential
9,317
Single Family
7,483
Multi-Family
1,834
Businesses
931
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Listed by: Sharon Handy • Real Estate Go To
Mls Name: SIRA
Mls ID: #2025012872