1675 E State Road 42MooresvilleIN46158
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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 Mooresville at 1675 E State Road 42, Mooresville, IN, 46158 generates $3,832/mo in rent, after a $3,561/mo payment. Total monthly income is $3,832/mo. Return on cash invested sits at 17.38% in year one, and rental yield is 6.32% on a $727,600 entry. Equity gained on principal adds $4,695/yr, while 5% annual appreciation builds toward $201,022 over five years. Five-year ROI reaches 88.98% and total cumulative return in cash sums $213,005. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,832/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
3.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46158, Mooresville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,312 (100%) |
| Owner Occupied HU | 8,092 (78.5%) |
| Renter Occupied HU | 1,784 (17.3%) |
| Vacant Housing Units | 436 ( 4.2%) |
| Median Home Value | $264,799 |
| Average Home Value | $297,407 |
Housing Distribution
Address Breakdown
Residential
9,920
Single Family
9,765
Multi-Family
155
Businesses
679
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Listed by: N/A • N/A
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