1588 Spencer Pike RdSpringvilleIN47462
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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 Springville at 1588 Spencer Pike Rd, Springville, IN, 47462 generates $1,429/mo in rent and, after a $734/mo payment, leaves $529/mo in cash flow. Total monthly income is $1,429/mo, and annual cash flow is $6,346/yr on $49,692 invested. Return on cash invested sits at 32.68% in year one, and rental yield is 11.44% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 171.09% and total cumulative return in cash sums $85,019. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,429/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47462, Springville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,250 (100%) |
| Owner Occupied HU | 1,864 (82.8%) |
| Renter Occupied HU | 230 (10.2%) |
| Vacant Housing Units | 156 ( 6.9%) |
| Median Home Value | $254,428 |
| Average Home Value | $300,248 |
Housing Distribution
Address Breakdown
Residential
2,018
Single Family
2,018
Multi-Family
0
Businesses
47
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Nearby investment properties with comparable prices
Listed by: Eric Fleenor • Williams Carpenter Realtors
Mls Name: IRMLS
Mls ID: #202537645