1400 S State Hwy #129VersaillesIN47042
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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 Versailles at 1400 S State Hwy #129, Versailles, IN, 47042 generates $1,500/mo in rent, after a $2,153/mo payment. Total monthly income is $1,500/mo. Return on cash invested sits at 10.52% in year one, and rental yield is 4.09% on a $439,900 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,536 over five years. Five-year ROI reaches 52.27% and total cumulative return in cash sums $76,227. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
8 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: Lori Eisert • Exp Realty
Mls Name: SEIBR
Mls ID: #205891