1864 S Rolling Hills DrFrench LickIN47432
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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 French Lick at 1864 S Rolling Hills Dr, French Lick, IN, 47432 offers a 11.53% rental yield on a $169,999 purchase with $1,634/mo rent. Total monthly income registers $1,634/mo, and a $832/mo payment leaves $614/mo available for distribution. Annual cash flow reaches $7,363/yr on $56,355 to close, and return on cash invested stands at 32.97% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 172.69% and total cumulative return in cash at $97,317. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,634/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47432, French Lick, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,152 (100%) |
| Owner Occupied HU | 1,401 (65.1%) |
| Renter Occupied HU | 481 (22.4%) |
| Vacant Housing Units | 270 (12.5%) |
| Median Home Value | $171,228 |
| Average Home Value | $188,499 |
Housing Distribution
Address Breakdown
Residential
1,950
Single Family
1,872
Multi-Family
78
Businesses
142
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Listed by: Natasha Rowlett • Williams Carpenter Realtors
Mls Name: IRMLS
Mls ID: #202534794