11826 Keepers GateSpencervilleIN46788
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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 Spencerville at 11826 Keepers Gate, Spencerville, IN, 46788 uses $231,945 cash to close to unlock $2,872/yr annual cash flow and $239/mo monthly cash flow. Total monthly income runs $4,651/mo, and a $3,451/mo payment keeps the spread at $239/mo. Purchase price stands at $705,000, and rental yield measures 7.92% with $4,651/mo rent. Return on cash invested shows 21.3% in year one, and 5% annual appreciation builds toward $194,779 over five years. Five-year ROI reaches 110.36% and total cumulative return in cash records $255,973. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,651/mo property income covering a $3,451/mo payment rather than investor’s personal income.
Single Family
Built in 2008
1.61 Acres lot
$N/A/sqft
$1,080 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46788, Spencerville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,295 (100%) |
| Owner Occupied HU | 1,160 (89.6%) |
| Renter Occupied HU | 88 ( 6.8%) |
| Vacant Housing Units | 47 ( 3.6%) |
| Median Home Value | $357,944 |
| Average Home Value | $397,050 |
Housing Distribution
Address Breakdown
Residential
1,107
Single Family
1,107
Multi-Family
0
Businesses
32
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Listed by: Tim Haber • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202406725
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.