1511 Soapville RdVevayIN47224
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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 Vevay at 1511 Soapville Rd, Vevay, IN, 47224 uses $52,907 cash to close to unlock $5,377/yr annual cash flow and $448/mo monthly cash flow. Total monthly income runs $1,406/mo, and a $781/mo payment keeps the spread at $448/mo. Purchase price stands at $159,600, and rental yield measures 10.57% with $1,406/mo rent. Return on cash invested shows 30.07% in year one, and 5% annual appreciation builds toward $44,095 over five years. Five-year ROI reaches 157.17% and total cumulative return in cash records $83,156. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,406/mo property income covering a $781/mo payment rather than investor’s personal income.
Manufactured
Built in 1972
2.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47224, Canaan, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 241 (100%) |
| Owner Occupied HU | 182 (75.5%) |
| Renter Occupied HU | 30 (12.4%) |
| Vacant Housing Units | 29 (12.0%) |
| Median Home Value | $270,690 |
| Average Home Value | $276,442 |
Housing Distribution
Address Breakdown
Residential
238
Single Family
238
Multi-Family
0
Businesses
7
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