20 N Meridian StRedkeyIN47373
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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 Redkey at 20 N Meridian St, Redkey, IN, 47373 at $129,900 posts ROI 30.72% with $388/mo cash flow from $1,168/mo rent. Total monthly income equals $1,168/mo, and annual cash flow records $4,656/yr on $43,062 to close. Return on cash invested measures 30.72% and rental yield reads 10.79% at the current $129,900. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,889 by year five. Five-year ROI prints 160.7% and total cumulative return in cash totals $69,199.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,168/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1922
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47373, Redkey, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 973 (100%) |
| Owner Occupied HU | 665 (68.3%) |
| Renter Occupied HU | 186 (19.1%) |
| Vacant Housing Units | 122 (12.5%) |
| Median Home Value | $162,750 |
| Average Home Value | $215,075 |
Housing Distribution
Address Breakdown
Residential
603
Single Family
603
Multi-Family
0
Businesses
42
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