116 W 8th StMatthewsIN46957
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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 Matthews at 116 W 8th St, Matthews, IN, 46957 uses $52,941 cash to close to unlock $9,200/yr annual cash flow and $767/mo monthly cash flow. Total monthly income runs $1,770/mo, and a $782/mo payment keeps the spread at $767/mo. Purchase price stands at $159,700, and rental yield measures 13.3% with $1,770/mo rent. Return on cash invested shows 37.29% in year one, and 5% annual appreciation builds toward $44,122 over five years. Five-year ROI reaches 196.17% and total cumulative return in cash records $103,851. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,770/mo property income covering a $782/mo payment rather than investor’s personal income.
Single Family
Built in 1939
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46957, Matthews, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 201 (100%) |
| Owner Occupied HU | 151 (75.1%) |
| Renter Occupied HU | 32 (15.9%) |
| Vacant Housing Units | 18 ( 9.0%) |
| Median Home Value | $81,364 |
| Average Home Value | $123,692 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
20
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