152 W North StSpencerIN47460
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Spencer at 152 W North St, Spencer, IN, 47460 generates $1,493/mo in rent and, after a $489/mo payment, leaves $796/mo in cash flow. Total monthly income is $1,493/mo, and annual cash flow is $9,546/yr on $33,150 invested. Return on cash invested sits at 48.71% in year one, and rental yield is 17.92% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 258.33% and total cumulative return in cash sums $85,636. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,493/mo property income rather than buyer’s personal income.
Single Family
Built in 1906
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,784 (72.9%) |
| Renter Occupied HU | 949 (18.3%) |
| Vacant Housing Units | 457 ( 8.8%) |
| Median Home Value | $187,057 |
| Average Home Value | $214,772 |
Housing Distribution
Address Breakdown
Residential
4,901
Single Family
4,899
Multi-Family
2
Businesses
417
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rene West • West & Co., REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202409952
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.