1283 S Adams StVersaillesIN47042
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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 Versailles at 1283 S Adams St, Versailles, IN, 47042 listed at $149,900 pairs $1,372/mo rent with a $734/mo payment to leave $472/mo cash flow. Total monthly income runs $1,372/mo, and annual cash flow reaches $5,662/yr on $49,692 cash to close. Return on cash invested measures 31.3% in year one, and rental yield registers 10.98% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 163.7% and total cumulative return in cash totals $81,347. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,372/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47042, Versailles, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,997 (100%) |
| Owner Occupied HU | 1,258 (63.0%) |
| Renter Occupied HU | 542 (27.1%) |
| Vacant Housing Units | 197 ( 9.9%) |
| Median Home Value | $192,586 |
| Average Home Value | $228,027 |
Housing Distribution
Address Breakdown
Residential
1,809
Single Family
1,661
Multi-Family
148
Businesses
173
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Listed by: Olivia Welch • Woolum Real Estate
Mls Name: SEIBR
Mls ID: #204547
Disclaimer: Copyright Southeastern Indiana Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.