103 S Church StBainbridgeIN46105
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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 Bainbridge at 103 S Church St, Bainbridge, IN, 46105 offers a 0% rental yield on a $204,900 purchase with $0/mo rent. 82% in year one. Equity gained on principal adds $1,322/yr while 5% annual appreciation supports $56,610 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2000
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46105, Bainbridge, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 824 (100%) |
| Owner Occupied HU | 656 (79.6%) |
| Renter Occupied HU | 99 (12.0%) |
| Vacant Housing Units | 69 ( 8.4%) |
| Median Home Value | $229,425 |
| Average Home Value | $292,828 |
Housing Distribution
Address Breakdown
Residential
604
Single Family
604
Multi-Family
0
Businesses
56
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No similar rental properties found nearby.
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Listed by: Amanda Clark • Clark Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22057714