1704 N Ridgeway DrEllettsvilleIN47429
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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 Ellettsville at 1704 N Ridgeway Dr, Ellettsville, IN, 47429 uses $67,958 cash to close to unlock $2,685/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,454/mo, and a $1,003/mo payment keeps the spread at $224/mo. Purchase price stands at $205,000, and rental yield measures 8.51% with $1,454/mo rent. Return on cash invested shows 23.86% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 123.79% and total cumulative return in cash records $84,126. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,454/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Housing Distribution
Address Breakdown
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
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Listed by: Linda Dzierba • Dzierba Real Estate Services
Mls Name: IRMLS
Mls ID: #202439541