121 E Water StLindenIN47955
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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 Linden at 121 E Water St, Linden, IN, 47955 uses $41,404 cash to close to unlock $2,766/yr annual cash flow and $231/mo monthly cash flow. Total monthly income runs $1,002/mo, and a $611/mo payment keeps the spread at $231/mo. Purchase price stands at $124,900, and rental yield measures 9.63% with $1,002/mo rent. Return on cash invested shows 26.59% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 138.7% and total cumulative return in cash records $57,430. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,002/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1900
5,619 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47955, Linden, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 428 (100%) |
| Owner Occupied HU | 322 (75.2%) |
| Renter Occupied HU | 80 (18.7%) |
| Vacant Housing Units | 26 ( 6.1%) |
| Median Home Value | $194,853 |
| Average Home Value | $237,601 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
318
Multi-Family
0
Businesses
29
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Listed by: Chris Bradford • Bradford Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514622
Disclaimer: 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.