16529 N State Road 1SpencervilleIN46788
Nearby investment properties with comparable rents
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
Investment Highlights
Rental property for sale in Spencerville at 16529 N State Road 1, Spencerville, IN, 46788 generates $3,974/mo in rent, after a $3,965/mo payment. Total monthly income is $3,974/mo. Return on cash invested sits at 16.06% in year one, and rental yield is 5.89% on a $810,000 entry. Equity gained on principal adds $5,227/yr, while 5% annual appreciation builds toward $223,788 over five years. Five-year ROI reaches 81.92% and total cumulative return in cash sums $218,307. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,974/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
3.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46788, Spencerville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,295 (100%) |
| Owner Occupied HU | 1,160 (89.6%) |
| Renter Occupied HU | 88 ( 6.8%) |
| Vacant Housing Units | 47 ( 3.6%) |
| Median Home Value | $357,944 |
| Average Home Value | $397,050 |
Housing Distribution
Address Breakdown
Residential
1,107
Single Family
1,107
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Emily Ewing • North Eastern Group Realty
Mls Name: IRMLS
Mls ID: #202528435