103 W Us Highway 24IdavilleIN47950
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
Investment property for sale in Idaville at 103 W Us Highway 24, Idaville, IN, 47950 offers a 11.4% rental yield on a $209,900 purchase with $1,994/mo rent. Total monthly income registers $1,994/mo, and a $1,027/mo payment leaves $734/mo available for distribution. Annual cash flow reaches $8,812/yr on $69,582 to close, and return on cash invested stands at 32.57% in year one. Equity gained on principal adds $1,354/yr while 5% annual appreciation supports $57,992 over five years. Portfolio math shows five-year ROI at 170.56% and total cumulative return in cash at $118,676. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,994/mo property income against a $1,027/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
6,229 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47950, Idaville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 344 (100%) |
| Owner Occupied HU | 243 (70.6%) |
| Renter Occupied HU | 59 (17.2%) |
| Vacant Housing Units | 42 (12.2%) |
| Median Home Value | $200,862 |
| Average Home Value | $229,763 |
Housing Distribution
Address Breakdown
Residential
281
Single Family
281
Multi-Family
0
Businesses
6
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Listed by: Garrett Criswell • Redlow Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519383
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.