1088 E State Road 356ScottsburgIN47170
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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 Scottsburg at 1088 E State Road 356, Scottsburg, IN, 47170 offers a 7.51% rental yield on a $191,800 purchase with $1,200/mo rent. Total monthly income registers $1,200/mo, and a $939/mo payment leaves $48/mo available for distribution. Annual cash flow reaches $581/yr on $63,582 to close, and return on cash invested stands at 20.82% in year one. Equity gained on principal adds $1,238/yr while 5% annual appreciation supports $52,991 over five years. Portfolio math shows five-year ROI at 107.52% and total cumulative return in cash at $68,365. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,200/mo property income against a $939/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2002
2.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47170, Scottsburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,833 (100%) |
| Owner Occupied HU | 4,256 (62.3%) |
| Renter Occupied HU | 1,960 (28.7%) |
| Vacant Housing Units | 617 ( 9.0%) |
| Median Home Value | $185,872 |
| Average Home Value | $216,799 |
Housing Distribution
Address Breakdown
Residential
6,473
Single Family
6,313
Multi-Family
160
Businesses
537
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