14 S Edwards StWorthingtonIN47471
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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
Rental property for sale in Worthington at 14 S Edwards St, Worthington, IN, 47471 priced at $289,000 converts $1,894/mo rent into $159/mo cash flow after a $1,415/mo obligation. Total monthly income equals $1,894/mo, and annual cash flow totals $1,904/yr on $95,804 invested. Return on cash invested prints 21.9% in year one, and rental yield reads 7.86% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 113.26% and total cumulative return in cash sums $108,506. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,894/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47471, Worthington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,188 (100%) |
| Owner Occupied HU | 826 (69.5%) |
| Renter Occupied HU | 226 (19.0%) |
| Vacant Housing Units | 136 (11.4%) |
| Median Home Value | $122,464 |
| Average Home Value | $181,262 |
Housing Distribution
Address Breakdown
Residential
1,187
Single Family
1,162
Multi-Family
25
Businesses
84
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Listed by: Corey Mauder • Century 21 Scheetz - Bloomington
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523262
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.