116 E Washington StChandlerIN47610
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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 Chandler at 116 E Washington St, Chandler, IN, 47610 uses $33,150 cash to close to unlock $13,886/yr annual cash flow and $1,157/mo monthly cash flow. Total monthly income runs $1,757/mo, and a $489/mo payment keeps the spread at $1,157/mo. Purchase price stands at $100,000, and rental yield measures 21.08% with $1,757/mo rent. Return on cash invested shows 61.8% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 327.32% and total cumulative return in cash records $108,508. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,757/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1970
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47610, Chandler, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,425 (100%) |
| Owner Occupied HU | 1,777 (73.3%) |
| Renter Occupied HU | 476 (19.6%) |
| Vacant Housing Units | 172 ( 7.1%) |
| Median Home Value | $208,333 |
| Average Home Value | $299,268 |
Housing Distribution
Address Breakdown
Residential
2,323
Single Family
2,323
Multi-Family
0
Businesses
123
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Listed by: Andrea Clark • Elite Home and Land Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202535530
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.