11333 S State Road 39Union MillsIN46382
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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 Union Mills at 11333 S State Road 39, Union Mills, IN, 46382 generates $2,272/mo in rent, after a $3,059/mo payment. Total monthly income is $2,272/mo. Return on cash invested sits at 11.42% in year one, and rental yield is 4.36% on a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 57.08% and total cumulative return in cash sums $117,373. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,272/mo property income rather than buyer’s personal income.
Single Family
Built in 1916
1.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46382, Union Mills, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 835 (100%) |
| Owner Occupied HU | 717 (85.9%) |
| Renter Occupied HU | 93 (11.1%) |
| Vacant Housing Units | 25 ( 3.0%) |
| Median Home Value | $284,633 |
| Average Home Value | $328,867 |
Housing Distribution
Address Breakdown
Residential
751
Single Family
751
Multi-Family
0
Businesses
24
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Listed by: Meghan Maddox • MTM Realty Group
Mls Name: NIRA
Mls ID: #826053