1160 Main StLagroIN46941
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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 Lagro at 1160 Main St, Lagro, IN, 46941 generates $1,399/mo in rent and, after a $778/mo payment, leaves $445/mo in cash flow. Total monthly income is $1,399/mo, and annual cash flow is $5,337/yr on $52,709 invested. Return on cash invested sits at 30.03% in year one, and rental yield is 10.56% on a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 156.91% and total cumulative return in cash sums $82,704. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,399/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46941, Lagro, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 511 (100%) |
| Owner Occupied HU | 429 (84.0%) |
| Renter Occupied HU | 39 ( 7.6%) |
| Vacant Housing Units | 43 ( 8.4%) |
| Median Home Value | $296,591 |
| Average Home Value | $362,523 |
Housing Distribution
Address Breakdown
Residential
395
Single Family
395
Multi-Family
0
Businesses
23
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