1659 W Micheals AveWest Terre HauteIN47885
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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 West Terre Haute at 1659 W Micheals Ave, West Terre Haute, IN, 47885 uses $38,786 cash to close to unlock $2,380/yr annual cash flow and $198/mo monthly cash flow. Total monthly income runs $901/mo, and a $573/mo payment keeps the spread at $198/mo. Purchase price stands at $117,000, and rental yield measures 9.24% with $901/mo rent. Return on cash invested shows 26.05% in year one, and 5% annual appreciation builds toward $32,325 over five years. Five-year ROI reaches 135.61% and total cumulative return in cash records $52,597. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $901/mo property income covering a $573/mo payment rather than investor’s personal income.
Single Family
Built in 2002
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47885, West Terre Haute, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,723 (100%) |
| Owner Occupied HU | 2,742 (73.7%) |
| Renter Occupied HU | 698 (18.7%) |
| Vacant Housing Units | 283 ( 7.6%) |
| Median Home Value | $170,000 |
| Average Home Value | $191,537 |
Housing Distribution
Address Breakdown
Residential
3,727
Single Family
3,580
Multi-Family
147
Businesses
153
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Listed by: MICHELE STROHM • SIMPLY REAL ESTATE
Mls Name: THAAR
Mls ID: #108214