1608 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 1608 S Layton Station Rd, Veedersburg, IN, 47987 listed at $317,900 pairs $2,476/mo rent with a $1,556/mo payment to leave $568/mo cash flow. Total monthly income runs $2,476/mo, and annual cash flow reaches $6,812/yr on $105,384 cash to close. Return on cash invested measures 26.37% in year one, and rental yield registers 9.35% at a $317,900 basis. Equity gained on principal adds $2,051/yr, and annual property appreciation at 5% supports $87,830 by year five. Five-year ROI tracks 137.26% and total cumulative return in cash totals $144,652. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,476/mo property income relative to a $1,556/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
1.90 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: Lisa Taylor • Taylor Real Estate Specialists
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22072946