1271 Cedar LnSpencerIN47460
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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 Spencer at 1271 Cedar Ln, Spencer, IN, 47460 earns from $1,494/mo rent with a $4,405/mo payment. Total monthly income totals $1,494/mo. ROI tracks 4.22% on current figures, and rental yield reads 1.99% at a $899,900 purchase. Equity gained on principal adds $5,807/yr, and 5% annual appreciation supports $248,626 over five years. Five-year ROI reaches 18.42% and total cumulative return in cash sums $54,532. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,494/mo property income instead of your personal income.
Single Family
Built in 1994
68.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,784 (72.9%) |
| Renter Occupied HU | 949 (18.3%) |
| Vacant Housing Units | 457 ( 8.8%) |
| Median Home Value | $187,057 |
| Average Home Value | $214,772 |
Housing Distribution
Address Breakdown
Residential
4,901
Single Family
4,899
Multi-Family
2
Businesses
417
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