201 W Broadway StArgosIN46501
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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 Argos at 201 W Broadway St, Argos, IN, 46501 uses $71,273 cash to close to unlock $7,958/yr annual cash flow and $663/mo monthly cash flow. Total monthly income runs $1,961/mo, and a $1,052/mo payment keeps the spread at $663/mo. Purchase price stands at $215,000, and rental yield measures 10.95% with $1,961/mo rent. Return on cash invested shows 31.07% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 162.58% and total cumulative return in cash records $115,873. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,961/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1890
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46501, Argos, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,525 (100%) |
| Owner Occupied HU | 1,108 (72.7%) |
| Renter Occupied HU | 297 (19.5%) |
| Vacant Housing Units | 120 ( 7.9%) |
| Median Home Value | $179,118 |
| Average Home Value | $215,512 |
Housing Distribution
Address Breakdown
Residential
1,520
Single Family
1,498
Multi-Family
22
Businesses
90
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Listed by: Mandy Campbell • RE/MAX Aspire
Mls Name: IRMLS
Mls Provider:
Mls ID: #202442833
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.