15998 Burke Benning RdDillsboroIN47018
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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 Dillsboro at 15998 Burke Benning Rd, Dillsboro, IN, 47018 offers a 7.24% rental yield on a $325,000 purchase with $1,961/mo rent. Total monthly income registers $1,961/mo, and a $1,591/mo payment leaves $10/mo available for distribution. Annual cash flow reaches $117/yr on $107,738 to close, and return on cash invested stands at 20.02% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 103.18% and total cumulative return in cash at $111,169. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,961/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
6.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47018, Dillsboro, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,970 (100%) |
| Owner Occupied HU | 1,426 (72.4%) |
| Renter Occupied HU | 360 (18.3%) |
| Vacant Housing Units | 184 ( 9.3%) |
| Median Home Value | $249,310 |
| Average Home Value | $281,550 |
Housing Distribution
Address Breakdown
Residential
1,696
Single Family
1,625
Multi-Family
71
Businesses
103
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