1175 S 450 EPiercetonIN46562
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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 Pierceton at 1175 S 450 E, Pierceton, IN, 46562 generates $1,540/mo in rent and, after a $1,052/mo payment, leaves $250/mo in cash flow. Total monthly income is $1,540/mo, and annual cash flow is $2,998/yr on $71,239 invested. Return on cash invested sits at 24.12% in year one, and rental yield is 8.6% on a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 125.16% and total cumulative return in cash sums $89,166. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,540/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46562, Pierceton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 1,411 (70.4%) |
| Renter Occupied HU | 315 (15.7%) |
| Vacant Housing Units | 277 (13.8%) |
| Median Home Value | $253,507 |
| Average Home Value | $290,512 |
Housing Distribution
Address Breakdown
Residential
1,844
Single Family
1,844
Multi-Family
0
Businesses
116
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Listed by: Brad R Minear • Minear Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435980
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.