1587 W State RdRushvilleIN46173
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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 Rushville at 1587 W State Rd, Rushville, IN, 46173 generates $1,194/mo in rent, after a $1,957/mo payment. Total monthly income is $1,194/mo. Return on cash invested sits at 8.99% in year one, and rental yield is 3.58% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 44.04% and total cumulative return in cash sums $58,388. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,194/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
23.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46173, Rushville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,722 (100%) |
| Owner Occupied HU | 2,930 (62.0%) |
| Renter Occupied HU | 1,336 (28.3%) |
| Vacant Housing Units | 456 ( 9.7%) |
| Median Home Value | $171,163 |
| Average Home Value | $232,025 |
Housing Distribution
Address Breakdown
Residential
4,494
Single Family
4,390
Multi-Family
104
Businesses
440
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