13140 E State Road 62Saint MeinradIN47577
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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 Saint Meinrad at 13140 E State Road 62, Saint Meinrad, IN, 47577 listed at $113,000 pairs $855/mo rent with a $553/mo payment to leave $177/mo cash flow. Total monthly income runs $855/mo, and annual cash flow reaches $2,121/yr on $37,460 cash to close. Return on cash invested measures 25.57% in year one, and rental yield registers 9.08% at a $113,000 basis. Equity gained on principal adds $729/yr, and annual property appreciation at 5% supports $31,220 by year five. Five-year ROI tracks 132.99% and total cumulative return in cash totals $49,817. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $855/mo property income relative to a $553/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1928
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47577, Saint Meinrad, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 436 (100%) |
| Owner Occupied HU | 339 (77.8%) |
| Renter Occupied HU | 53 (12.2%) |
| Vacant Housing Units | 44 (10.1%) |
| Median Home Value | $274,716 |
| Average Home Value | $314,027 |
Housing Distribution
Address Breakdown
Residential
344
Single Family
344
Multi-Family
0
Businesses
34
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Listed by: Cynthia Bowman • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls ID: #202527040