108 S 3rd StPiercetonIN46562
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pierceton at 108 S 3rd St, Pierceton, IN, 46562 offers a 10.77% rental yield on a $156,900 purchase with $1,408/mo rent. Total monthly income registers $1,408/mo, and a $768/mo payment leaves $466/mo available for distribution. Annual cash flow reaches $5,593/yr on $52,012 to close, and return on cash invested stands at 30.66% in year one. Equity gained on principal adds $1,012/yr while 5% annual appreciation supports $43,349 over five years. Portfolio math shows five-year ROI at 160.35% and total cumulative return in cash at $83,400. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,408/mo property income against a $768/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46562, Pierceton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 1,411 (70.4%) |
| Renter Occupied HU | 315 (15.7%) |
| Vacant Housing Units | 277 (13.8%) |
| Median Home Value | $253,507 |
| Average Home Value | $290,512 |
Housing Distribution
Address Breakdown
Residential
1,844
Single Family
1,844
Multi-Family
0
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices