16188 S Us Highway 231RemingtonIN47977
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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
Total monthly income runs $2,033/mo, and a $1,953/mo payment. Purchase price stands at $399,000, and rental yield measures 6.11% with $2,033/mo rent. Return on cash invested shows 16.62% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 84.97% and total cumulative return in cash records $112,394. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,033/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Single Family
Built in 1935
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47977, Remington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 990 (100%) |
| Owner Occupied HU | 658 (66.5%) |
| Renter Occupied HU | 268 (27.1%) |
| Vacant Housing Units | 64 ( 6.5%) |
| Median Home Value | $182,143 |
| Average Home Value | $205,935 |
Housing Distribution
Address Breakdown
Residential
802
Single Family
802
Multi-Family
0
Businesses
97
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