15 N Central Ave, Spencer, IN, 47460 | $627/mo Cash Flow

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15 N Central Ave, Spencer, IN, 47460 | $627/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Spencer at 15 N Central Ave, Spencer, IN, 47460 listed at $190,000 pairs $1,768/mo rent with a $930/mo payment to leave $627/mo cash flow. Total monthly income runs $1,768/mo, and annual cash flow reaches $7,529/yr on $62,985 cash to close. Return on cash invested measures 31.86% in year one, and rental yield registers 11.17% at a $190,000 basis. Equity gained on principal adds $1,226/yr, and annual property appreciation at 5% supports $52,494 by year five. Five-year ROI tracks 166.74% and total cumulative return in cash totals $105,024. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,768/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1953

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

2 bedroom, 1 bath home in Spencer. Located on corner lot this sweet home offers eat-in kitchen, nice sized living room, hardwood floors under carpet, laundry room off of the kitchen. 2 car detached garage that is 30x 24 with plenty of workshop space, heat and half bath. 10x12 shed

Neighborhood Data

Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,190 (100%)
Owner Occupied HU	3,784 (72.9%)
Renter Occupied HU	949 (18.3%)
Vacant Housing Units	457 ( 8.8%)
Median Home Value	$187,057
Average Home Value	$214,772