1588 W State Road 62TennysonIN47637
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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, Tennyson, IN, 47637 uses $48,333 cash to close to unlock $533/yr annual cash flow and $44/mo monthly cash flow. Total monthly income runs $920/mo, and a $714/mo payment keeps the spread at $44/mo. Purchase price stands at $145,800, and rental yield measures 7.57% with $920/mo rent. Return on cash invested shows 21.01% in year one, and 5% annual appreciation builds toward $40,282 over five years. Five-year ROI reaches 108.59% and total cumulative return in cash records $52,483. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $920/mo property income covering a $714/mo payment rather than investor’s personal income.
Home Type Unknown
Built in 1900
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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