2011 Fairway DrAuburnIN46706
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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 Auburn at 2011 Fairway Dr, Auburn, IN, 46706 uses $175,982 cash to close to unlock $1,499/yr annual cash flow and $125/mo monthly cash flow. Total monthly income runs $3,367/mo, and a $2,618/mo payment keeps the spread at $125/mo. Purchase price stands at $534,900, and rental yield measures 7.55% with $3,367/mo rent. Return on cash invested shows 20.91% in year one, and 5% annual appreciation builds toward $147,783 over five years. Five-year ROI reaches 108.02% and total cumulative return in cash records $190,089. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,367/mo property income covering a $2,618/mo payment rather than investor’s personal income.
Single Family
Built in 2022
0.37 Acres lot
$N/A/sqft
$375 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46706, Auburn, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,864 (100%) |
| Owner Occupied HU | 6,655 (75.1%) |
| Renter Occupied HU | 1,687 (19.0%) |
| Vacant Housing Units | 522 ( 5.9%) |
| Median Home Value | $227,490 |
| Average Home Value | $279,454 |
Housing Distribution
Address Breakdown
Residential
8,621
Single Family
8,480
Multi-Family
141
Businesses
818
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Listed by: Kevin Lentz • Lentz Realty Group LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514819
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.