122 E Jefferson StAuburnIN46706
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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 Auburn at 122 E Jefferson St, Auburn, IN, 46706 priced at $149,900 converts $1,226/mo rent into $326/mo cash flow after a $734/mo obligation. Total monthly income equals $1,226/mo, and annual cash flow totals $3,910/yr on $49,692 invested. Return on cash invested prints 27.78% in year one, and rental yield reads 9.81% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 144.79% and total cumulative return in cash sums $71,951. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,226/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1900
35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46706, Auburn, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,864 (100%) |
| Owner Occupied HU | 6,655 (75.1%) |
| Renter Occupied HU | 1,687 (19.0%) |
| Vacant Housing Units | 522 ( 5.9%) |
| Median Home Value | $227,490 |
| Average Home Value | $279,454 |
Housing Distribution
Address Breakdown
Residential
8,621
Single Family
8,480
Multi-Family
141
Businesses
818
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