1512 Barrington DrAuburnIN46706
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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 Auburn at 1512 Barrington Dr, Auburn, IN, 46706 with 5% annual appreciation on a $343,000 basis while $3,344/mo rent supports operations. Total monthly income totals $3,344/mo and a $1,679/mo payment preserves $1,285/mo for cash returns. Annual cash flow comes to $15,418/yr on $113,705 deployed, and return on cash invested reaches 33.47% in year one. Equity gained on principal adds $2,213/yr, and five-year appreciation sums $94,765 alongside rental yield of 11.7%. Five-year ROI measures 175.31% and total cumulative return in cash totals $199,332.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,344/mo property income versus a $1,679/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2023
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46706, Auburn, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,864 (100%) |
| Owner Occupied HU | 6,655 (75.1%) |
| Renter Occupied HU | 1,687 (19.0%) |
| Vacant Housing Units | 522 ( 5.9%) |
| Median Home Value | $227,490 |
| Average Home Value | $279,454 |
Housing Distribution
Address Breakdown
Residential
8,621
Single Family
8,480
Multi-Family
141
Businesses
818
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Listed by: Danielle Genth • Minear Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202327916
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.