107 Basket Factory RdButlerIN46721
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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 Butler at 107 Basket Factory Rd, Butler, IN, 46721 priced at $189,500 pairs $1,786/mo rent with $648/mo cash flow after a $928/mo payment. Total monthly income equals $1,786/mo, and annual cash flow comes to $7,776/yr on $62,819 invested. Return on cash invested is 32.29% in year one, and rental yield stands at 11.31% on a $189,500 basis. Equity gained on principal adds $1,223/yr, and 5% annual appreciation accumulates to $52,355 by year five. Five-year ROI measures 168.96% and total cumulative return in cash reaches $106,139. For financing, Ziffy Mortgage’s DSCR program evaluates $1,786/mo property income against a $928/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1965
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46721, Butler, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,020 (100%) |
| Owner Occupied HU | 1,438 (71.2%) |
| Renter Occupied HU | 465 (23.0%) |
| Vacant Housing Units | 117 ( 5.8%) |
| Median Home Value | $187,209 |
| Average Home Value | $231,507 |
Housing Distribution
Address Breakdown
Residential
1,931
Single Family
1,928
Multi-Family
3
Businesses
117
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Listed by: Fred J Beck • Fred Beck & Associates LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517015
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.