16759 N Broadway StMoores HillIN47032
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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 Moores Hill at 16759 N Broadway St, Moores Hill, IN, 47032 offers a 9.43% rental yield on a $210,000 purchase with $1,651/mo rent. Total monthly income registers $1,651/mo, and a $1,028/mo payment leaves $390/mo available for distribution. Annual cash flow reaches $4,683/yr on $69,615 to close, and return on cash invested stands at 26.64% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 138.73% and total cumulative return in cash at $96,580. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,651/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47032, Moores Hill, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,358 (100%) |
| Owner Occupied HU | 1,122 (82.6%) |
| Renter Occupied HU | 144 (10.6%) |
| Vacant Housing Units | 92 ( 6.8%) |
| Median Home Value | $249,010 |
| Average Home Value | $298,648 |
Housing Distribution
Address Breakdown
Residential
1,244
Single Family
1,244
Multi-Family
0
Businesses
26
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Listed by: Deborah Scudder • Fehrman Realty
Mls Name: SEIBR
Mls ID: #204858
Disclaimer: Copyright Southeastern Indiana Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.