117 E State StEtna GreenIN46524
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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 Etna Green at 117 E State St, Etna Green, IN, 46524 priced at $165,000 converts $1,273/mo rent into $282/mo cash flow after a $808/mo obligation. Total monthly income equals $1,273/mo, and annual cash flow totals $3,385/yr on $54,698 invested. Return on cash invested prints 26.1% in year one, and rental yield reads 9.26% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 135.89% and total cumulative return in cash sums $74,327. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,273/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1947
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46524, Etna Green, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 685 (100%) |
| Owner Occupied HU | 547 (79.9%) |
| Renter Occupied HU | 84 (12.3%) |
| Vacant Housing Units | 54 ( 7.9%) |
| Median Home Value | $270,095 |
| Average Home Value | $308,263 |
Housing Distribution
Address Breakdown
Residential
669
Single Family
669
Multi-Family
0
Businesses
29
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Listed by: Anna Gilsinger • RE/MAX Results
Mls Name: IRMLS
Mls ID: #202542550