10771 E 1000th Rd NOdonIN47562
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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 Odon at 10771 E 1000th Rd N, Odon, IN, 47562 uses $45,581 cash to close to unlock $2,623/yr annual cash flow and $219/mo monthly cash flow. Total monthly income runs $1,044/mo, and a $673/mo payment keeps the spread at $219/mo. Purchase price stands at $137,500, and rental yield measures 9.11% with $1,044/mo rent. Return on cash invested shows 25.66% in year one, and 5% annual appreciation builds toward $37,989 over five years. Five-year ROI reaches 133.51% and total cumulative return in cash records $60,857. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,044/mo property income covering a $673/mo payment rather than investor’s personal income.
Single Family
Built in 1938
5,837 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47562, Odon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,799 (100%) |
| Owner Occupied HU | 1,335 (74.2%) |
| Renter Occupied HU | 354 (19.7%) |
| Vacant Housing Units | 110 ( 6.1%) |
| Median Home Value | $238,010 |
| Average Home Value | $260,268 |
Housing Distribution
Address Breakdown
Residential
1,785
Single Family
1,673
Multi-Family
112
Businesses
133
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Listed by: Merle Callahan • Vic Hopkins Agency
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510760
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.