114 E Norwood AveClarksvilleIN47129
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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 Clarksville at 114 E Norwood Ave, Clarksville, IN, 47129 with 5% annual appreciation on a $144,900 basis while $1,088/mo rent supports operations. Total monthly income totals $1,088/mo and a $709/mo payment preserves $218/mo for cash returns. Annual cash flow comes to $2,621/yr on $48,034 deployed, and return on cash invested reaches 25.37% in year one. Equity gained on principal adds $935/yr, and five-year appreciation sums $40,033 alongside rental yield of 9.01%. Five-year ROI measures 131.91% and total cumulative return in cash totals $63,361.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,088/mo property income versus a $709/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1939
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47129, Clarksville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,788 (100%) |
| Owner Occupied HU | 4,747 (48.5%) |
| Renter Occupied HU | 4,093 (41.8%) |
| Vacant Housing Units | 948 ( 9.7%) |
| Median Home Value | $189,797 |
| Average Home Value | $217,139 |
Housing Distribution
Address Breakdown
Residential
9,317
Single Family
7,483
Multi-Family
1,834
Businesses
931
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Listed by: Rachel M Dreyer • Keller Williams Louisville East
Mls Name: GLARMLS
Mls ID: #1694675