153 E Larry LaneScottsburgIN47170
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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
Rental property for sale in Scottsburg at 153 E Larry Lane, Scottsburg, IN, 47170 priced at $169,900 pairs $1,321/mo rent with $301/mo cash flow after a $832/mo payment. Total monthly income equals $1,321/mo, and annual cash flow comes to $3,608/yr on $56,322 invested. Return on cash invested is 26.32% in year one, and rental yield stands at 9.33% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 136.98% and total cumulative return in cash reaches $77,150. For financing, Ziffy Mortgage’s DSCR program evaluates $1,321/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1990
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47170, Scottsburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,833 (100%) |
| Owner Occupied HU | 4,256 (62.3%) |
| Renter Occupied HU | 1,960 (28.7%) |
| Vacant Housing Units | 617 ( 9.0%) |
| Median Home Value | $185,872 |
| Average Home Value | $216,799 |
Housing Distribution
Address Breakdown
Residential
6,473
Single Family
6,313
Multi-Family
160
Businesses
537
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Listed by: Shawn Faye • RE/MAX Ability Plus
Mls Name: SIRA
Mls ID: #202605416