11316 Us Highway 231 SRomneyIN47981
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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 Romney at 11316 Us Highway 231 S, Romney, IN, 47981 uses $91,163 cash to close to unlock $5,295/yr annual cash flow and $441/mo monthly cash flow. Total monthly income runs $2,092/mo, and a $1,346/mo payment keeps the spread at $441/mo. Purchase price stands at $275,000, and rental yield measures 9.13% with $2,092/mo rent. Return on cash invested shows 25.72% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 133.78% and total cumulative return in cash records $121,955. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,092/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1901
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47981, Romney, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 313 (100%) |
| Owner Occupied HU | 266 (85.0%) |
| Renter Occupied HU | 36 (11.5%) |
| Vacant Housing Units | 11 ( 3.5%) |
| Median Home Value | $334,746 |
| Average Home Value | $347,556 |
Housing Distribution
Address Breakdown
Residential
276
Single Family
276
Multi-Family
0
Businesses
17
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