201 N Gonser AveAshleyIN46705
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ashley at 201 N Gonser Ave, Ashley, IN, 46705 offers $2,191/mo rent that, after a $954/mo payment, leaves $1,021/mo cash flow. Total monthly income is $2,191/mo, and annual cash flow is $12,250/yr on $64,643 cash. Return on cash invested measures 38.86% in year one, and rental yield stands at 13.48% at a $195,000 entry. Equity gained on principal adds $1,258/yr while 5% annual appreciation compounds into $53,875 by year five. Five-year ROI records 204.22% and total cumulative return in cash reaches $132,010. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,191/mo property income versus a $954/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1800
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46705, Ashley, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 736 (100%) |
| Owner Occupied HU | 493 (67.0%) |
| Renter Occupied HU | 162 (22.0%) |
| Vacant Housing Units | 81 (11.0%) |
| Median Home Value | $182,083 |
| Average Home Value | $237,825 |
Housing Distribution
Address Breakdown
Residential
403
Single Family
361
Multi-Family
42
Businesses
69
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christina Koher • RE/MAX Results - Angola office
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518368
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.