1415 E 500 NUrbanaIN46990
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Urbana at 1415 E 500 N, Urbana, IN, 46990 offers a 5.51% rental yield on a $440,000 purchase with $2,020/mo rent. 79% in year one. Equity gained on principal adds $2,839/yr while 5% annual appreciation supports $121,564 over five years. Portfolio math shows five-year ROI at 75.19% and total cumulative return in cash at $109,678. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,020/mo property income against a $2,154/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
4.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46990, Urbana, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 332 (100%) |
| Owner Occupied HU | 278 (83.7%) |
| Renter Occupied HU | 27 ( 8.1%) |
| Vacant Housing Units | 27 ( 8.1%) |
| Median Home Value | $270,408 |
| Average Home Value | $384,514 |
Housing Distribution
Address Breakdown
Residential
228
Single Family
228
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah E Mast • Real Broker, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520014
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.