124 Spangler PlJeffersonvilleIN47130
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Jeffersonville at 124 Spangler Pl, Jeffersonville, IN, 47130 priced at $669,900 converts $4,115/mo rent into $94/mo cash flow after a $3,279/mo obligation. Total monthly income equals $4,115/mo, and annual cash flow totals $1,122/yr on $220,397 invested. Return on cash invested prints 20.57% in year one, and rental yield reads 7.37% against a $669,900 entry. Equity gained on principal adds $4,323/yr, while 5% annual appreciation compiles into $185,081 by year five. Five-year ROI reaches 106.11% and total cumulative return in cash sums $233,853. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,115/mo property income covering a $3,279/mo payment, not borrower’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47130, Jeffersonville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,959 (100%) |
| Owner Occupied HU | 14,147 (59.0%) |
| Renter Occupied HU | 8,079 (33.7%) |
| Vacant Housing Units | 1,733 ( 7.2%) |
| Median Home Value | $238,881 |
| Average Home Value | $268,900 |
Housing Distribution
Address Breakdown
Residential
23,377
Single Family
20,941
Multi-Family
2,436
Businesses
1,498
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie L Gilezan • EXP Realty LLC
Mls Name: GLARMLS
Mls ID: #1654413