1488 Rice RdCentervilleIN47330
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 Centerville at 1488 Rice Rd, Centerville, IN, 47330 listed at $139,900 pairs $1,544/mo rent with a $685/mo payment to leave $704/mo cash flow. Total monthly income runs $1,544/mo, and annual cash flow reaches $8,447/yr on $46,377 cash to close. Return on cash invested measures 38.12% in year one, and rental yield registers 13.24% at a $139,900 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,652 by year five. Five-year ROI tracks 200.28% and total cumulative return in cash totals $92,883. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,544/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47330, Centerville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,348 (100%) |
| Owner Occupied HU | 1,704 (72.6%) |
| Renter Occupied HU | 443 (18.9%) |
| Vacant Housing Units | 201 ( 8.6%) |
| Median Home Value | $202,537 |
| Average Home Value | $240,484 |
Housing Distribution
Address Breakdown
Residential
2,334
Single Family
2,334
Multi-Family
0
Businesses
143
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Nearby investment properties with comparable prices
Listed by: Jason Wise • Better Homes and Gardens First Realty Group
Mls Name: RLMS
Mls ID: #10051279