11265 E State Road 56French LickIN47432
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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
Rental property for sale in French Lick at 11265 E State Road 56, French Lick, IN, 47432 generates $1,441/mo in rent and, after a $905/mo payment, leaves $331/mo in cash flow. Total monthly income is $1,441/mo, and annual cash flow is $3,972/yr on $61,328 invested. Return on cash invested sits at 26.38% in year one, and rental yield is 9.35% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 137.33% and total cumulative return in cash sums $84,219. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,441/mo property income rather than buyer’s personal income.
Manufactured
Built in 1992
2.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47432, French Lick, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,152 (100%) |
| Owner Occupied HU | 1,401 (65.1%) |
| Renter Occupied HU | 481 (22.4%) |
| Vacant Housing Units | 270 (12.5%) |
| Median Home Value | $171,228 |
| Average Home Value | $188,499 |
Housing Distribution
Address Breakdown
Residential
1,950
Single Family
1,872
Multi-Family
78
Businesses
142
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Listed by: Chris Boyer • Boyer Real Estate Services
Mls Name: IRMLS
Mls ID: #202601366