1195 Steve Earl RdSpringvilleIN47462
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1195 Steve Earl Rd, Springville, IN, 47462 uses $94,444 cash to close to unlock $6,399/yr annual cash flow and $533/mo monthly cash flow. Total monthly income runs $2,243/mo, and a $1,394/mo payment keeps the spread at $533/mo. Purchase price stands at $284,900, and rental yield measures 9.45% with $2,243/mo rent. Return on cash invested shows 26.68% in year one, and 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 138.98% and total cumulative return in cash records $131,255. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,243/mo property income covering a $1,394/mo payment rather than investor’s personal income.
Manufactured
Built in 2020
3.50 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: Matthew E Corey • Williams Carpenter Realtors
Mls Name: IRMLS
Mls ID: #202538674