11953 Bennington Pike LOT 3, Vevay, IN, 47043 | $92/mo Cash Flow

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11953 Bennington Pike LOT 3, Vevay, IN, 47043 | $92/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Vevay at 11953 Bennington Pike LOT 3, Vevay, IN, 47043 generates $1,052/mo in rent and, after a $783/mo payment, leaves $92/mo in cash flow. Total monthly income is $1,052/mo, and annual cash flow is $1,100/yr on $53,040 invested. Return on cash invested sits at 21.98% in year one, and rental yield is 7.89% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 113.74% and total cumulative return in cash sums $60,326. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,052/mo property income rather than buyer’s personal income.

Single Family

Built in 1926

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

2 bedroom, 1 bath home in the heart of Bennington, Indiana. This home has been recently remodeled with newer electric, plumbing, hot water heater, water softener, insulation, rear deck, heat and central air unit. All kitchen appliances are included. There is a large detached garage/pole building with gravel floor. This home has real hardwood floors, newer fire place inserts. The house also has original built-ins in the living room and dining room. This home is on a full basement (block construction).

Neighborhood Data

Neighborhood data shown for ZIP Code: 47043, Vevay, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,458 (100%)
Owner Occupied HU	1,489 (60.6%)
Renter Occupied HU	640 (26.0%)
Vacant Housing Units	329 (13.4%)
Median Home Value	$227,024
Average Home Value	$260,406