11 Water StUnion MillsIN46382
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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 Union Mills at 11 Water St, Union Mills, IN, 46382 listed at $170,000 pairs $2,651/mo rent with a $832/mo payment to leave $1,631/mo cash flow. Total monthly income runs $2,651/mo, and annual cash flow reaches $19,567/yr on $56,355 cash to close. Return on cash invested measures 54.63% in year one, and rental yield registers 18.71% at a $170,000 basis. Equity gained on principal adds $1,097/yr, and annual property appreciation at 5% supports $46,968 by year five. Five-year ROI tracks 288.82% and total cumulative return in cash totals $162,765. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,651/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1872
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46382, Union Mills, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 835 (100%) |
| Owner Occupied HU | 717 (85.9%) |
| Renter Occupied HU | 93 (11.1%) |
| Vacant Housing Units | 25 ( 3.0%) |
| Median Home Value | $284,633 |
| Average Home Value | $328,867 |
Housing Distribution
Address Breakdown
Residential
751
Single Family
751
Multi-Family
0
Businesses
24
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Listed by: Jason Wampler • RE/MAX 1ST CHOICE REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202426546
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