1108 N Plum StVeedersburgIN47987
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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 Veedersburg at 1108 N Plum St, Veedersburg, IN, 47987 with 5% annual appreciation on a $112,200 basis while $1,300/mo rent supports operations. Total monthly income totals $1,300/mo and a $549/mo payment preserves $627/mo for cash returns. Annual cash flow comes to $7,520/yr on $37,194 deployed, and return on cash invested reaches 40.13% in year one. Equity gained on principal adds $724/yr, and five-year appreciation sums $30,999 alongside rental yield of 13.9%. Five-year ROI measures 211.08% and total cumulative return in cash totals $78,510.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,300/mo property income versus a $549/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47987, Veedersburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,768 (100%) |
| Owner Occupied HU | 1,275 (72.1%) |
| Renter Occupied HU | 347 (19.6%) |
| Vacant Housing Units | 146 ( 8.3%) |
| Median Home Value | $166,250 |
| Average Home Value | $196,373 |
Housing Distribution
Address Breakdown
Residential
1,598
Single Family
1,577
Multi-Family
21
Businesses
99
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