10593 N Old Route 31MacyIN46951
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 Macy at 10593 N Old Route 31, Macy, IN, 46951 offers a 9.49% rental yield on a $193,000 purchase with $1,526/mo rent. Total monthly income registers $1,526/mo, and a $945/mo payment leaves $367/mo available for distribution. Annual cash flow reaches $4,405/yr on $63,980 to close, and return on cash invested stands at 26.79% in year one. Equity gained on principal adds $1,245/yr while 5% annual appreciation supports $53,322 over five years. Portfolio math shows five-year ROI at 139.59% and total cumulative return in cash at $89,310. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,526/mo property income against a $945/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
1.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46951, Macy, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,054 (100%) |
| Owner Occupied HU | 742 (70.4%) |
| Renter Occupied HU | 101 ( 9.6%) |
| Vacant Housing Units | 211 (20.0%) |
| Median Home Value | $232,673 |
| Average Home Value | $296,270 |
Housing Distribution
Address Breakdown
Residential
851
Single Family
851
Multi-Family
0
Businesses
22
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica L Jordan • Rochester Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202430525
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.