12021 N East AveThayerIN46381
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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
Rental property for sale in Thayer at 12021 N East Ave, Thayer, IN, 46381 generates $2,167/mo in rent and, after a $1,463/mo payment, leaves $373/mo in cash flow. Total monthly income is $2,167/mo, and annual cash flow is $4,471/yr on $99,119 invested. Return on cash invested sits at 24.42% in year one, and rental yield is 8.7% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 126.8% and total cumulative return in cash sums $125,686. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,167/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46381, Thayer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40 (100%) |
| Owner Occupied HU | 27 (67.5%) |
| Renter Occupied HU | 7 (17.5%) |
| Vacant Housing Units | 6 (15.0%) |
| Median Home Value | $165,625 |
| Average Home Value | $200,093 |
Housing Distribution
Address Breakdown
Residential
124
Single Family
124
Multi-Family
0
Businesses
4
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Listed by: Kimberly Sut • Listing Leaders Executive RE
Mls Name: NIRA
Mls Provider:
Mls ID: #825906
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.