15008 Silver Plains TraceMemphisIN47143
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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
Investment property for sale in Memphis at 15008 Silver Plains Trace, Memphis, IN, 47143 uses $81,218 cash to close to unlock $16,218/yr annual cash flow and $1,351/mo monthly cash flow. Total monthly income runs $2,822/mo, and a $1,199/mo payment keeps the spread at $1,351/mo. Purchase price stands at $245,000, and rental yield measures 13.82% with $2,822/mo rent. Return on cash invested shows 39.88% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 209.7% and total cumulative return in cash records $170,316. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,822/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47143, Memphis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,619 (100%) |
| Owner Occupied HU | 1,408 (87.0%) |
| Renter Occupied HU | 171 (10.6%) |
| Vacant Housing Units | 40 ( 2.5%) |
| Median Home Value | $266,563 |
| Average Home Value | $290,305 |
Housing Distribution
Address Breakdown
Residential
1,476
Single Family
1,476
Multi-Family
0
Businesses
41
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Listed by: Nikki "Nikki" Wilson • Schuler Bauer Real Estate Services ERA Powered (N
Mls Name: SIRA
Mls Provider:
Mls ID: #202508129
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.