1382 Lanes Center Dr, Spencer, IN, 47460 | Equity Gain $1,194/yr

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Price: $300K - 500K

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1382 Lanes Center Dr, Spencer, IN, 47460 | Equity Gain $1,194/yr | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Spencer at 1382 Lanes Center Dr, Spencer, IN, 47460 earns from $0/mo rent with a $905/mo payment. Total monthly income totals $0/mo. ROI tracks -1.81% on current figures, and rental yield reads 0% at a $184,999 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.

Manufactured

Built in 1991

0.37 Acres lot

$N/A/sqft

No HOA

More details about the property

Well-maintained 3-bedroom, 2-bath manufactured home located in Owen Countys Lanes Addition, just minutes south of Spencer. Situated on a quiet street, this spacious .37-acre lot offers an open setting and a peaceful rural feel. With just over 1,000 square feet, the home features a split floor plan with a primary suite for added privacy. The open-concept living room flows into the eat-in kitchen, which includes a pantry and a designated laundry area washer and dryer are included in the sale. A wood deck off the back door provides a perfect spot to enjoy the large backyard. The oversized, attached two-car garage offers plenty of additional storage. The home is also equipped to run on a large portable generator, which will remain with the property. Recent updates in the past few years include new flooring, a roof replacement, and some upgraded windows. This move-in-ready home blends comfort, convenience, and value in a great rural location. Property is being sold 'As-Is'.

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