11374 N Carthage PikeKnightstownIN46148
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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 Knightstown at 11374 N Carthage Pike, Knightstown, IN, 46148 generates $2,377/mo in rent and, after a $1,906/mo payment, leaves $39/mo in cash flow. Total monthly income is $2,377/mo, and annual cash flow is $472/yr on $129,119 invested. Return on cash invested sits at 20.27% in year one, and rental yield is 7.32% on a $389,500 entry. Equity gained on principal adds $2,513/yr, while 5% annual appreciation builds toward $107,612 over five years. Five-year ROI reaches 104.57% and total cumulative return in cash sums $135,019. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,377/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
2.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46148, Knightstown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,206 (100%) |
| Owner Occupied HU | 1,559 (70.7%) |
| Renter Occupied HU | 458 (20.8%) |
| Vacant Housing Units | 189 ( 8.6%) |
| Median Home Value | $233,295 |
| Average Home Value | $261,750 |
Housing Distribution
Address Breakdown
Residential
2,056
Single Family
1,995
Multi-Family
61
Businesses
185
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