1515 21st StBedfordIN47421
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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 Bedford at 1515 21st St, Bedford, IN, 47421 uses $62,952 cash to close to unlock $4,770/yr annual cash flow and $398/mo monthly cash flow. Total monthly income runs $1,537/mo, and a $929/mo payment keeps the spread at $398/mo. Purchase price stands at $189,900, and rental yield measures 9.71% with $1,537/mo rent. Return on cash invested shows 27.49% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 143.26% and total cumulative return in cash records $90,185. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,537/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1950
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47421, Bedford, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,866 (100%) |
| Owner Occupied HU | 8,906 (69.2%) |
| Renter Occupied HU | 2,874 (22.3%) |
| Vacant Housing Units | 1,086 ( 8.4%) |
| Median Home Value | $213,813 |
| Average Home Value | $236,330 |
Housing Distribution
Address Breakdown
Residential
12,447
Single Family
12,103
Multi-Family
344
Businesses
999
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