113 W Honeysuckle LnDecaturIN46733
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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 Decatur at 113 W Honeysuckle Ln, Decatur, IN, 46733 generates $1,284/mo in rent and, after a $817/mo payment, leaves $282/mo in cash flow. Total monthly income is $1,284/mo, and annual cash flow is $3,383/yr on $55,361 invested. Return on cash invested sits at 26.02% in year one, and rental yield is 9.23% on a $167,000 entry. Equity gained on principal adds $1,078/yr, while 5% annual appreciation builds toward $46,139 over five years. Five-year ROI reaches 135.35% and total cumulative return in cash sums $74,931. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,284/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46733, Decatur, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,091 (100%) |
| Owner Occupied HU | 5,906 (73.0%) |
| Renter Occupied HU | 1,700 (21.0%) |
| Vacant Housing Units | 485 ( 6.0%) |
| Median Home Value | $216,630 |
| Average Home Value | $273,796 |
Housing Distribution
Address Breakdown
Residential
7,603
Single Family
7,462
Multi-Family
141
Businesses
584
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