1884 Old Salem Rd #AJ0Y5NLanesvilleIN47136
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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
Total monthly income runs $3,116/mo, and a $2,539/mo payment. Purchase price stands at $518,800, and rental yield measures 7.21% with $3,116/mo rent. Return on cash invested shows 19.95% in year one, and 5% annual appreciation builds toward $143,335 over five years. Five-year ROI reaches 102.85% and total cumulative return in cash records $175,542. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,116/mo property income covering a $2,539/mo payment rather than investor’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
$17 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47136, Lanesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,034 (100%) |
| Owner Occupied HU | 1,721 (84.6%) |
| Renter Occupied HU | 227 (11.2%) |
| Vacant Housing Units | 86 ( 4.2%) |
| Median Home Value | $304,545 |
| Average Home Value | $341,761 |
Housing Distribution
Address Breakdown
Residential
1,889
Single Family
1,889
Multi-Family
0
Businesses
69
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Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A