202 E Grant StLynnIN47355
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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 Lynn at 202 E Grant St, Lynn, IN, 47355 uses $37,128 cash to close to unlock $5,122/yr annual cash flow and $427/mo monthly cash flow. Total monthly income runs $1,099/mo, and a $548/mo payment keeps the spread at $427/mo. Purchase price stands at $112,000, and rental yield measures 11.77% with $1,099/mo rent. Return on cash invested shows 33.71% in year one, and 5% annual appreciation builds toward $30,944 over five years. Five-year ROI reaches 176.54% and total cumulative return in cash records $65,547. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,099/mo property income covering a $548/mo payment rather than investor’s personal income.
Manufactured
Built in 2001
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47355, Lynn, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,185 (100%) |
| Owner Occupied HU | 822 (69.4%) |
| Renter Occupied HU | 268 (22.6%) |
| Vacant Housing Units | 95 ( 8.0%) |
| Median Home Value | $116,398 |
| Average Home Value | $155,657 |
Housing Distribution
Address Breakdown
Residential
827
Single Family
800
Multi-Family
27
Businesses
43
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