10620 Lambs Ridge Road SEElizabethIN47117
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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 Elizabeth at 10620 Lambs Ridge Road SE, Elizabeth, IN, 47117 uses $153,153 cash to close to unlock $1,523/yr annual cash flow and $127/mo monthly cash flow. Total monthly income runs $2,900/mo, and a $2,261/mo payment keeps the spread at $127/mo. Purchase price stands at $462,000, and rental yield measures 7.53% with $2,900/mo rent. Return on cash invested shows 20.9% in year one, and 5% annual appreciation builds toward $127,642 over five years. Five-year ROI reaches 107.92% and total cumulative return in cash records $165,281. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,900/mo property income covering a $2,261/mo payment rather than investor’s personal income.
Single Family
Built in 1971
9.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47117, Elizabeth, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,903 (100%) |
| Owner Occupied HU | 1,547 (81.3%) |
| Renter Occupied HU | 188 ( 9.9%) |
| Vacant Housing Units | 168 ( 8.8%) |
| Median Home Value | $235,074 |
| Average Home Value | $269,627 |
Housing Distribution
Address Breakdown
Residential
1,785
Single Family
1,785
Multi-Family
0
Businesses
42
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Listed by: Jeremy L Ward • Ward Realty Services
Mls Name: SIRA
Mls Provider:
Mls ID: #202508633
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.