150 W Main StMooresvilleIN46158
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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 Mooresville at 150 W Main St, Mooresville, IN, 46158 priced at $198,500 converts $1,914/mo rent into $722/mo cash flow after a $972/mo obligation. Total monthly income equals $1,914/mo, and annual cash flow totals $8,664/yr on $65,803 invested. Return on cash invested prints 33.08% in year one, and rental yield reads 11.57% against a $198,500 entry. Equity gained on principal adds $1,281/yr, while 5% annual appreciation compiles into $54,842 by year five. Five-year ROI reaches 173.18% and total cumulative return in cash sums $113,957. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,914/mo property income covering a $972/mo payment, not borrower’s personal income.
Single Family
Built in 1948
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46158, Mooresville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,312 (100%) |
| Owner Occupied HU | 8,092 (78.5%) |
| Renter Occupied HU | 1,784 (17.3%) |
| Vacant Housing Units | 436 ( 4.2%) |
| Median Home Value | $264,799 |
| Average Home Value | $297,407 |
Housing Distribution
Address Breakdown
Residential
9,920
Single Family
9,765
Multi-Family
155
Businesses
679
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Listed by: Michelle Robling • Robling Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22053139