1310 N Cherry StRushvilleIN46173
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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 Rushville at 1310 N Cherry St, Rushville, IN, 46173 uses $49,891 cash to close to unlock $2,570/yr annual cash flow and $214/mo monthly cash flow. Total monthly income runs $1,118/mo, and a $737/mo payment keeps the spread at $214/mo. Purchase price stands at $150,500, and rental yield measures 8.91% with $1,118/mo rent. Return on cash invested shows 25.06% in year one, and 5% annual appreciation builds toward $41,580 over five years. Five-year ROI reaches 130.33% and total cumulative return in cash records $65,023. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,118/mo property income covering a $737/mo payment rather than investor’s personal income.
Single Family
Built in 1929
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46173, Rushville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,722 (100%) |
| Owner Occupied HU | 2,930 (62.0%) |
| Renter Occupied HU | 1,336 (28.3%) |
| Vacant Housing Units | 456 ( 9.7%) |
| Median Home Value | $171,163 |
| Average Home Value | $232,025 |
Housing Distribution
Address Breakdown
Residential
4,494
Single Family
4,390
Multi-Family
104
Businesses
440
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Listed by: Jennie Harvey • RE/MAX Integrity Real Estate
Mls Name: RLMS
Mls Provider:
Mls ID: #10051117
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.