10747 E State Road 356ScottsburgIN47138
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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 Scottsburg at 10747 E State Road 356, Scottsburg, IN, 47138 generates $2,112/mo in rent, after a $7,337/mo payment. Total monthly income is $2,112/mo. Return on cash invested sits at 3.36% in year one, and rental yield is 1.69% on a $1,499,000 entry. Equity gained on principal adds $9,673/yr, while 5% annual appreciation builds toward $414,146 over five years. Five-year ROI reaches 13.72% and total cumulative return in cash sums $66,657. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,112/mo property income rather than buyer’s personal income.
Single Family
Built in 1860
124 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47138, Lexington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,831 (100%) |
| Owner Occupied HU | 1,399 (76.4%) |
| Renter Occupied HU | 246 (13.4%) |
| Vacant Housing Units | 186 (10.2%) |
| Median Home Value | $228,234 |
| Average Home Value | $260,795 |
Housing Distribution
Address Breakdown
Residential
1,935
Single Family
1,935
Multi-Family
0
Businesses
40
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Listed by: Robert Haubry • Geswein Farm & Land Realty
Mls Name: My State MLS
Mls ID: #11572917