12674 N State Road 245LamarIN47550
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
Investment property for sale in Lamar at 12674 N State Road 245, Lamar, IN, 47550 offers a 7.36% rental yield on a $192,000 purchase with $1,177/mo rent. Total monthly income registers $1,177/mo, and a $940/mo payment leaves $24/mo available for distribution. Annual cash flow reaches $290/yr on $63,648 to close, and return on cash invested stands at 20.37% in year one. Equity gained on principal adds $1,239/yr while 5% annual appreciation supports $53,046 over five years. Portfolio math shows five-year ROI at 105.12% and total cumulative return in cash at $66,904. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,177/mo property income against a $940/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47550, Lamar, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 303 (100%) |
| Owner Occupied HU | 258 (85.1%) |
| Renter Occupied HU | 26 ( 8.6%) |
| Vacant Housing Units | 19 ( 6.3%) |
| Median Home Value | $229,730 |
| Average Home Value | $317,364 |
Housing Distribution
Address Breakdown
Residential
294
Single Family
294
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Keasha Fromme • Carpenter Realty LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512226
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.