10988 E State Route 62FerdinandIN47532
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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 Ferdinand at 10988 E State Route 62, Ferdinand, IN, 47532 listed at $330,000 pairs $0/mo rent with a $1,615/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -1.82% in year one, and rental yield registers 0% at a $330,000 basis. Equity gained on principal adds $2,129/yr, and annual property appreciation at 5% supports $91,173 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,615/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1966
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47532, Ferdinand, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,914 (100%) |
| Owner Occupied HU | 1,507 (78.7%) |
| Renter Occupied HU | 300 (15.7%) |
| Vacant Housing Units | 107 ( 5.6%) |
| Median Home Value | $278,564 |
| Average Home Value | $306,931 |
Housing Distribution
Address Breakdown
Residential
1,882
Single Family
1,882
Multi-Family
0
Businesses
164
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No similar rental properties found nearby.
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Listed by: Kara Hinshaw • Key Associates Signature Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202535414
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.