16115 E 300 SElizabethtownIN47232
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 16115 E 300 S, Elizabethtown, IN, 47232 in Elizabethtown is priced for capital growth, not immediate cash flow. The $274,900 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $75,950 by year five, with $2,532/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.00) qualifies for non-U.S. residents without personal income documents.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.0% |
| Monthly Cash Flow | $0 | $300 |
City averages based on Elizabethtown market data in our database. Property projections are estimates.
Manufactured
Built in 2003
1.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47232, Elizabethtown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,026 (100%) |
| Owner Occupied HU | 872 (85.0%) |
| Renter Occupied HU | 97 ( 9.5%) |
| Vacant Housing Units | 57 ( 5.6%) |
| Median Home Value | $262,245 |
| Average Home Value | $280,249 |
Housing Distribution
Address Breakdown
Residential
847
Single Family
847
Multi-Family
0
Businesses
22
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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
Manufactured
Built in 2003
1.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47232, Elizabethtown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,026 (100%) |
| Owner Occupied HU | 872 (85.0%) |
| Renter Occupied HU | 97 ( 9.5%) |
| Vacant Housing Units | 57 ( 5.6%) |
| Median Home Value | $262,245 |
| Average Home Value | $280,249 |
Housing Distribution
Address Breakdown
Residential
847
Single Family
847
Multi-Family
0
Businesses
22
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22090414