10809 Spirit DrIngallsIN46048
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 Ingalls at 10809 Spirit Dr, Ingalls, IN, 46048 offers a 10.77% rental yield on a $258,500 purchase with $2,321/mo rent. Total monthly income registers $2,321/mo, and a $1,265/mo payment leaves $554/mo available for distribution. Annual cash flow reaches $6,654/yr on $85,693 to close, and return on cash invested stands at 27.67% in year one. Equity gained on principal adds $1,668/yr while 5% annual appreciation supports $71,419 over five years. Portfolio math shows five-year ROI at 145.33% and total cumulative return in cash at $124,539. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,321/mo property income against a $1,265/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
6,534 sqft lot
$N/A/sqft
$215 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46048, Ingalls, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 759 (100%) |
| Owner Occupied HU | 603 (79.4%) |
| Renter Occupied HU | 118 (15.5%) |
| Vacant Housing Units | 38 ( 5.0%) |
| Median Home Value | $209,949 |
| Average Home Value | $246,874 |
Housing Distribution
Address Breakdown
Residential
700
Single Family
700
Multi-Family
0
Businesses
21
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Listed by: Brittany Ballenger • Better Homes & Gardens First Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439352
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.