1202 S McDonald StAtticaIN47918
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 Attica at 1202 S McDonald St, Attica, IN, 47918 uses $49,394 cash to close to unlock $3,322/yr annual cash flow and $277/mo monthly cash flow. Total monthly income runs $1,171/mo, and a $729/mo payment keeps the spread at $277/mo. Purchase price stands at $149,000, and rental yield measures 9.43% with $1,171/mo rent. Return on cash invested shows 26.64% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 138.66% and total cumulative return in cash records $68,488. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,171/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 1930
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47918, Attica, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,831 (100%) |
| Owner Occupied HU | 1,954 (69.0%) |
| Renter Occupied HU | 565 (20.0%) |
| Vacant Housing Units | 312 (11.0%) |
| Median Home Value | $168,497 |
| Average Home Value | $208,433 |
Housing Distribution
Address Breakdown
Residential
2,559
Single Family
2,559
Multi-Family
0
Businesses
195
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices