1588 W State Road 62 RdTennysonIN47637
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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 Tennyson at 1588 W State Road 62 Rd, Tennyson, IN, 47637 offers a 0% rental yield on a $365,000 purchase with $0/mo rent. 82% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1993
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47637, Tennyson, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 590 (100%) |
| Owner Occupied HU | 461 (78.1%) |
| Renter Occupied HU | 72 (12.2%) |
| Vacant Housing Units | 57 ( 9.7%) |
| Median Home Value | $239,912 |
| Average Home Value | $269,517 |
Housing Distribution
Address Breakdown
Residential
574
Single Family
574
Multi-Family
0
Businesses
16
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