1450 S 400 EVeedersburgIN47987
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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 Veedersburg at 1450 S 400 E, Veedersburg, IN, 47987 generates $1,256/mo in rent and, after a $783/mo payment, leaves $296/mo in cash flow. Total monthly income is $1,256/mo, and annual cash flow is $3,548/yr on $53,040 invested. Return on cash invested sits at 26.6% in year one, and rental yield is 9.42% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 138.49% and total cumulative return in cash sums $73,454. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,256/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47987, Veedersburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,768 (100%) |
| Owner Occupied HU | 1,275 (72.1%) |
| Renter Occupied HU | 347 (19.6%) |
| Vacant Housing Units | 146 ( 8.3%) |
| Median Home Value | $166,250 |
| Average Home Value | $196,373 |
Housing Distribution
Address Breakdown
Residential
1,598
Single Family
1,577
Multi-Family
21
Businesses
99
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Listed by: Dierdre Bentley • Bentley Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22044630