11128 Coleman RdBenningtonIN47011
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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 Bennington at 11128 Coleman Rd, Bennington, IN, 47011 offers a 2.69% rental yield on a $499,900 purchase with $1,122/mo rent. 3% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,113 over five years. Portfolio math shows five-year ROI at 29.62% and total cumulative return in cash at $49,092. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,122/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47011, Bennington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 479 (100%) |
| Owner Occupied HU | 351 (73.3%) |
| Renter Occupied HU | 59 (12.3%) |
| Vacant Housing Units | 69 (14.4%) |
| Median Home Value | $247,396 |
| Average Home Value | $254,858 |
Housing Distribution
Address Breakdown
Residential
365
Single Family
365
Multi-Family
0
Businesses
4
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Listed by: Christy Alexander • River Ridge Realtors
Mls Name: SEIBR
Mls ID: #205657