1767 Willow WaySpencerIN47460
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
Total monthly income runs $1,194/mo, and a $1,517/mo payment. Purchase price stands at $309,900, and rental yield measures 4.62% with $1,194/mo rent. Return on cash invested shows 12.12% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 60.87% and total cumulative return in cash records $62,532. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,194/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Manufactured
Built in 2009
2.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,784 (72.9%) |
| Renter Occupied HU | 949 (18.3%) |
| Vacant Housing Units | 457 ( 8.8%) |
| Median Home Value | $187,057 |
| Average Home Value | $214,772 |
Housing Distribution
Address Breakdown
Residential
4,901
Single Family
4,899
Multi-Family
2
Businesses
417
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices