125 E Sherman StRedkeyIN47373
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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 Redkey at 125 E Sherman St, Redkey, IN, 47373 offers a 8.68% rental yield on a $113,500 purchase with $821/mo rent. Total monthly income registers $821/mo, and a $556/mo payment leaves $139/mo available for distribution. Annual cash flow reaches $1,671/yr on $37,625 to close, and return on cash invested stands at 24.35% in year one. Equity gained on principal adds $732/yr while 5% annual appreciation supports $31,358 over five years. Portfolio math shows five-year ROI at 126.51% and total cumulative return in cash at $47,598. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $821/mo property income against a $556/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1886
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47373, Redkey, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 973 (100%) |
| Owner Occupied HU | 665 (68.3%) |
| Renter Occupied HU | 186 (19.1%) |
| Vacant Housing Units | 122 (12.5%) |
| Median Home Value | $162,750 |
| Average Home Value | $215,075 |
Housing Distribution
Address Breakdown
Residential
603
Single Family
603
Multi-Family
0
Businesses
42
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Listed by: Mark Leavell • Jack Houck Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436230
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.