107 N Cherry StLynnIN47355
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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 Lynn at 107 N Cherry St, Lynn, IN, 47355 with 5% annual appreciation on a $142,500 basis while $1,520/mo rent supports operations. Total monthly income totals $1,520/mo and a $697/mo payment preserves $665/mo for cash returns. Annual cash flow comes to $7,981/yr on $47,239 deployed, and return on cash invested reaches 36.8% in year one. Equity gained on principal adds $920/yr, and five-year appreciation sums $39,370 alongside rental yield of 12.8%. Five-year ROI measures 193.27% and total cumulative return in cash totals $91,299.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,520/mo property income versus a $697/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1908
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47355, Lynn, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,185 (100%) |
| Owner Occupied HU | 822 (69.4%) |
| Renter Occupied HU | 268 (22.6%) |
| Vacant Housing Units | 95 ( 8.0%) |
| Median Home Value | $116,398 |
| Average Home Value | $155,657 |
Housing Distribution
Address Breakdown
Residential
827
Single Family
800
Multi-Family
27
Businesses
43
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Listed by: Paul Faddis • Tarter Realty Auction and Appraisal Company
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526927
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.