15945 N State Road 9SummitvilleIN46070
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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 Summitville at 15945 N State Road 9, Summitville, IN, 46070 earns $98/mo cash flow from $1,538/mo rent with a $1,174/mo payment. Total monthly income totals $1,538/mo, and annual cash flow totals $1,177/yr on $79,527 capital. ROI tracks 21.39% on current figures, and rental yield reads 7.69% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 110.6% and total cumulative return in cash sums $87,955. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,538/mo property income instead of your personal income.
Single Family
Built in 1949
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46070, Summitville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 985 (100%) |
| Owner Occupied HU | 764 (77.6%) |
| Renter Occupied HU | 147 (14.9%) |
| Vacant Housing Units | 74 ( 7.5%) |
| Median Home Value | $195,982 |
| Average Home Value | $197,592 |
Housing Distribution
Address Breakdown
Residential
722
Single Family
722
Multi-Family
0
Businesses
24
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Listed by: Jim WOOD • RE/MAX At The Crossing
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22080396