1615 N 300 EKnoxIN46534
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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
Rental property for sale in Knox at 1615 N 300 E, Knox, IN, 46534 generates $1,681/mo in rent and, after a $1,223/mo payment, leaves $181/mo in cash flow. Total monthly income is $1,681/mo, and annual cash flow is $2,172/yr on $82,842 invested. Return on cash invested sits at 22.53% in year one, and rental yield is 8.07% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 116.73% and total cumulative return in cash sums $96,698. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,681/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46534, Knox, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,643 (100%) |
| Owner Occupied HU | 3,568 (63.2%) |
| Renter Occupied HU | 906 (16.1%) |
| Vacant Housing Units | 1,169 (20.7%) |
| Median Home Value | $184,604 |
| Average Home Value | $238,561 |
Housing Distribution
Address Breakdown
Residential
5,029
Single Family
4,940
Multi-Family
89
Businesses
335
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