11603 E Blue Jay CtSpringvilleIN47462
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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 Springville at 11603 E Blue Jay Ct, Springville, IN, 47462 listed at $239,900 pairs $1,944/mo rent with a $1,174/mo payment to leave $504/mo cash flow. Total monthly income runs $1,944/mo, and annual cash flow reaches $6,049/yr on $79,527 cash to close. Return on cash invested measures 27.52% in year one, and rental yield registers 9.72% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 143.43% and total cumulative return in cash totals $114,067. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,944/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2022
2.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47462, Springville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,250 (100%) |
| Owner Occupied HU | 1,864 (82.8%) |
| Renter Occupied HU | 230 (10.2%) |
| Vacant Housing Units | 156 ( 6.9%) |
| Median Home Value | $254,428 |
| Average Home Value | $300,248 |
Housing Distribution
Address Breakdown
Residential
2,018
Single Family
2,018
Multi-Family
0
Businesses
47
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Listed by: Vicki S Cooper • RE/MAX Acclaimed Properties
Mls Name: IRMLS
Mls ID: #202549186