1215 Locust StTerre HauteIN47807
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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 Terre Haute at 1215 Locust St, Terre Haute, IN, 47807 offers a 9.7% rental yield on a $159,900 purchase with $1,292/mo rent. Total monthly income registers $1,292/mo, and a $783/mo payment leaves $332/mo available for distribution. Annual cash flow reaches $3,981/yr on $53,007 to close, and return on cash invested stands at 27.42% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 142.88% and total cumulative return in cash at $75,738. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,292/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1916
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47807, Terre Haute, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,184 (100%) |
| Owner Occupied HU | 1,392 (22.5%) |
| Renter Occupied HU | 3,487 (56.4%) |
| Vacant Housing Units | 1,305 (21.1%) |
| Median Home Value | $70,547 |
| Average Home Value | $104,542 |
Housing Distribution
Address Breakdown
Residential
5,957
Single Family
5,024
Multi-Family
933
Businesses
788
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Listed by: OWEN TIPTON • GIBSON REAL ESTATE, INC.
Mls Name: THAAR
Mls ID: #107213