104 S Morton StFrancesvilleIN47946
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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 Francesville at 104 S Morton St, Francesville, IN, 47946 generates $1,632/mo in rent and, after a $832/mo payment, leaves $612/mo in cash flow. Total monthly income is $1,632/mo, and annual cash flow is $7,340/yr on $56,322 invested. Return on cash invested sits at 32.94% in year one, and rental yield is 11.53% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 172.5% and total cumulative return in cash sums $97,154. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,632/mo property income rather than buyer’s personal income.
Single Family
Built in 1896
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47946, Francesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 826 (100%) |
| Owner Occupied HU | 602 (72.9%) |
| Renter Occupied HU | 151 (18.3%) |
| Vacant Housing Units | 73 ( 8.8%) |
| Median Home Value | $177,604 |
| Average Home Value | $237,417 |
Housing Distribution
Address Breakdown
Residential
542
Single Family
542
Multi-Family
0
Businesses
79
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Listed by: Wendy Kopka • Neihouser Realty & Auction, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508652
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.