2029 State Route 229BatesvilleIN47006
Nearby investment properties with comparable rents
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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 Batesville at 2029 State Route 229, Batesville, IN, 47006 earns $126/mo cash flow from $1,980/mo rent with a $1,512/mo payment. Total monthly income totals $1,980/mo, and annual cash flow totals $1,506/yr on $102,434 capital. ROI tracks 21.38% on current figures, and rental yield reads 7.69% at a $309,000 purchase. Equity gained on principal adds $1,994/yr, and 5% annual appreciation supports $85,371 over five years. Five-year ROI reaches 110.49% and total cumulative return in cash sums $113,177. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,980/mo property income instead of your personal income.
Single Family
Built in 1942
1.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47006, Batesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,283 (100%) |
| Owner Occupied HU | 3,772 (71.4%) |
| Renter Occupied HU | 1,261 (23.9%) |
| Vacant Housing Units | 250 ( 4.7%) |
| Median Home Value | $269,014 |
| Average Home Value | $294,852 |
Housing Distribution
Address Breakdown
Residential
5,121
Single Family
4,800
Multi-Family
321
Businesses
445
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Listed by: Catrina Ward • S & W Real Estate LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22046572