181 Norman RdNormanIN47264
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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 Norman at 181 Norman Rd, Norman, IN, 47264 priced at $585,000 pairs $2,414/mo rent with after a $2,863/mo payment. Total monthly income equals $2,414/mo. Return on cash invested is 13.22% in year one, and rental yield stands at 4.95% on a $585,000 basis. Equity gained on principal adds $3,775/yr, and 5% annual appreciation accumulates to $161,625 by year five. Five-year ROI measures 66.68% and total cumulative return in cash reaches $128,334. For financing, Ziffy Mortgage’s DSCR program evaluates $2,414/mo property income against a $2,863/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
24.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47264, Norman, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 670 (100%) |
| Owner Occupied HU | 528 (78.8%) |
| Renter Occupied HU | 73 (10.9%) |
| Vacant Housing Units | 69 (10.3%) |
| Median Home Value | $242,073 |
| Average Home Value | $265,459 |
Housing Distribution
Address Breakdown
Residential
593
Single Family
593
Multi-Family
0
Businesses
21
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Listed by: Christina Root • Hawkins & Root Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202427912
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.