103 E College StSandbornIN47578
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Sandborn at 103 E College St, Sandborn, IN, 47578 offers $1,374/mo rent that, after a $901/mo payment, leaves $269/mo cash flow. Total monthly income is $1,374/mo, and annual cash flow is $3,229/yr on $60,996 cash. Return on cash invested measures 25.2% in year one, and rental yield stands at 8.96% at a $184,000 entry. Equity gained on principal adds $1,187/yr while 5% annual appreciation compounds into $50,836 by year five. Five-year ROI records 131.07% and total cumulative return in cash reaches $79,945. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,374/mo property income versus a $901/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47578, Sandborn, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 320 (100%) |
| Owner Occupied HU | 222 (69.4%) |
| Renter Occupied HU | 45 (14.1%) |
| Vacant Housing Units | 53 (16.6%) |
| Median Home Value | $173,810 |
| Average Home Value | $174,133 |
Housing Distribution
Address Breakdown
Residential
194
Single Family
194
Multi-Family
0
Businesses
10
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