1805 Michigan StCrawfordsvilleIN47933
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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 Crawfordsville at 1805 Michigan St, Crawfordsville, IN, 47933 offers a 5.63% rental yield on a $239,900 purchase with $1,126/mo rent. 17% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 77.24% and total cumulative return in cash at $61,423. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,126/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47933, Crawfordsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,504 (100%) |
| Owner Occupied HU | 8,390 (67.1%) |
| Renter Occupied HU | 3,256 (26.0%) |
| Vacant Housing Units | 858 ( 6.9%) |
| Median Home Value | $205,895 |
| Average Home Value | $235,208 |
Housing Distribution
Address Breakdown
Residential
11,876
Single Family
11,241
Multi-Family
635
Businesses
1,018
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Listed by: Anthony Bowes • @properties
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22057023