1217 Doesprings DrSunmanIN47041
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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 Sunman at 1217 Doesprings Dr, Sunman, IN, 47041 priced at $327,500 converts $2,531/mo rent into $565/mo cash flow after a $1,603/mo obligation. Total monthly income equals $2,531/mo, and annual cash flow totals $6,780/yr on $108,566 invested. Return on cash invested prints 26.15% in year one, and rental yield reads 9.27% against a $327,500 entry. Equity gained on principal adds $2,113/yr, while 5% annual appreciation compiles into $90,482 by year five. Five-year ROI reaches 136.12% and total cumulative return in cash sums $147,786. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,531/mo property income covering a $1,603/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47041, Sunman, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,387 (100%) |
| Owner Occupied HU | 1,926 (80.7%) |
| Renter Occupied HU | 315 (13.2%) |
| Vacant Housing Units | 146 ( 6.1%) |
| Median Home Value | $280,480 |
| Average Home Value | $307,567 |
Housing Distribution
Address Breakdown
Residential
2,219
Single Family
2,191
Multi-Family
28
Businesses
95
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