11350 Lambs Ridge Road SEElizabethIN47117
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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 Elizabeth at 11350 Lambs Ridge Road SE, Elizabeth, IN, 47117 generates $2,006/mo in rent and, after a $1,150/mo payment, leaves $596/mo in cash flow. Total monthly income is $2,006/mo, and annual cash flow is $7,146/yr on $77,903 invested. Return on cash invested sits at 29.08% in year one, and rental yield is 10.24% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 151.81% and total cumulative return in cash sums $118,264. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,006/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
5.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47117, Elizabeth, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,903 (100%) |
| Owner Occupied HU | 1,547 (81.3%) |
| Renter Occupied HU | 188 ( 9.9%) |
| Vacant Housing Units | 168 ( 8.8%) |
| Median Home Value | $235,074 |
| Average Home Value | $269,627 |
Housing Distribution
Address Breakdown
Residential
1,785
Single Family
1,785
Multi-Family
0
Businesses
42
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Listed by: Paul R Kiger II • RE/MAX Advantage
Mls Name: SIRA
Mls Provider:
Mls ID: #202507040
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.