1604 S Layton Station RdVeedersburgIN47987
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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 Veedersburg at 1604 S Layton Station Rd, Veedersburg, IN, 47987 offers a 2.86% rental yield on a $322,900 purchase with $770/mo rent. 82% in year one. Equity gained on principal adds $2,084/yr while 5% annual appreciation supports $89,211 over five years. Portfolio math shows five-year ROI at 32.43% and total cumulative return in cash at $34,718. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $770/mo property income against a $1,580/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
2.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47987, Veedersburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,768 (100%) |
| Owner Occupied HU | 1,275 (72.1%) |
| Renter Occupied HU | 347 (19.6%) |
| Vacant Housing Units | 146 ( 8.3%) |
| Median Home Value | $166,250 |
| Average Home Value | $196,373 |
Housing Distribution
Address Breakdown
Residential
1,598
Single Family
1,577
Multi-Family
21
Businesses
99
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Listed by: Lori Paddock • Legacy Land & Homes of Indiana
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22073419