11938 N Spades RdSunmanIN47041
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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 Sunman at 11938 N Spades Rd, Sunman, IN, 47041 uses $79,527 cash to close to unlock $361/yr annual cash flow and $30/mo monthly cash flow. Total monthly income runs $1,470/mo, and a $1,174/mo payment keeps the spread at $30/mo. Purchase price stands at $239,900, and rental yield measures 7.35% with $1,470/mo rent. Return on cash invested shows 20.36% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 105.09% and total cumulative return in cash records $83,575. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,470/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1974
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47041, Sunman, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,387 (100%) |
| Owner Occupied HU | 1,926 (80.7%) |
| Renter Occupied HU | 315 (13.2%) |
| Vacant Housing Units | 146 ( 6.1%) |
| Median Home Value | $280,480 |
| Average Home Value | $307,567 |
Housing Distribution
Address Breakdown
Residential
2,219
Single Family
2,191
Multi-Family
28
Businesses
95
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