203 W Locust StFort BranchIN47648
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 Fort Branch at 203 W Locust St, Fort Branch, IN, 47648 priced at $187,950 converts $1,466/mo rent into $338/mo cash flow after a $920/mo obligation. Total monthly income equals $1,466/mo, and annual cash flow totals $4,052/yr on $62,305 invested. Return on cash invested prints 26.41% in year one, and rental yield reads 9.36% against a $187,950 entry. Equity gained on principal adds $1,213/yr, while 5% annual appreciation compiles into $51,927 by year five. Five-year ROI reaches 137.47% and total cumulative return in cash sums $85,649. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,466/mo property income covering a $920/mo payment, not borrower’s personal income.
Condo
Built in 2020
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47648, Fort Branch, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,975 (100%) |
| Owner Occupied HU | 1,350 (68.4%) |
| Renter Occupied HU | 444 (22.5%) |
| Vacant Housing Units | 181 ( 9.2%) |
| Median Home Value | $212,264 |
| Average Home Value | $245,778 |
Housing Distribution
Address Breakdown
Residential
1,987
Single Family
1,941
Multi-Family
46
Businesses
106
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Nearby investment properties with comparable prices
Listed by: Andrea E White • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls ID: #202532380