11248 E State Road 156, Vevay, IN, 47043 | 3.32% Rental Yield

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11248 E State Road 156, Vevay, IN, 47043 | 3.32% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Vevay at 11248 E State Road 156, Vevay, IN, 47043 listed at $475,000 pairs $1,316/mo rent with a $2,325/mo payment. Total monthly income runs $1,316/mo. Return on cash invested measures 8.21% in year one, and rental yield registers 3.32% at a $475,000 basis. Equity gained on principal adds $3,065/yr, and annual property appreciation at 5% supports $131,234 by year five. Five-year ROI tracks 39.85% and total cumulative return in cash totals $62,755. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,316/mo property income relative to a $2,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 2018

0.88 Acres lot

$N/A/sqft

No HOA

More details about the property

Picture this: 11248 E State Road 156, VEVAY, IN, in Switzerland County - not just an address, but a launching pad to your best life, presented in great condition and ready for its close-up. Dully furnished and ready to make an amazing Airbnb. The living room is a masterpiece of comfort and style, crowned with exquisite molding, just waiting for your personal touch to make it the perfect backdrop for cozy nights and lively gatherings. Culinary adventures await in the kitchen, where stone countertops gleam beneath shaker cabinets, complemented by a stylish backsplash and more crown molding, creating a space that is as beautiful as it is functional. Retreat to the bedroom, a private oasis complete with crown molding and an ensuite bathroom, offering a sanctuary where you can unwind and recharge in luxurious comfort. Imagine warm evenings spent on the patio or deck, savoring delicious meals in the outdoor dining area, or gathering around the fire pit under a starlit sky, creating memories that will last a lifetime. The open floor plan encourages seamless interaction and a sense of spaciousness, while the convenience of a laundry room and the generous walk-in closet add to the home's practicality. And let's not forget the water feature, providing a soothing backdrop to your everyday life. This 2018 manufactured home, boasting 3 bedrooms and 1040 square feet of living space on a sprawling 38333 square foot lot, is more than just a property; it's a fantastic opportunity to embrace the lifestyle you've always dreamed of.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47043, Vevay, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,458 (100%)
Owner Occupied HU	1,489 (60.6%)
Renter Occupied HU	640 (26.0%)
Vacant Housing Units	329 (13.4%)
Median Home Value	$227,024
Average Home Value	$260,406