11280 W 450 NPennvilleIN47369
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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 Pennville at 11280 W 450 N, Pennville, IN, 47369 earns from $1,285/mo rent with a $1,101/mo payment. Total monthly income totals $1,285/mo. ROI tracks 18.86% on current figures, and rental yield reads 6.86% at a $224,900 purchase. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 over five years. Five-year ROI reaches 96.99% and total cumulative return in cash sums $72,313. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,285/mo property income instead of your personal income.
Single Family
Built in 1910
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47369, Pennville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 557 (100%) |
| Owner Occupied HU | 393 (70.6%) |
| Renter Occupied HU | 92 (16.5%) |
| Vacant Housing Units | 72 (12.9%) |
| Median Home Value | $215,698 |
| Average Home Value | $336,546 |
Housing Distribution
Address Breakdown
Residential
330
Single Family
330
Multi-Family
0
Businesses
34
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Listed by: Sherri Finnerty • Jack Houck Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511389
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.