204 E Pike StVevayIN47043
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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
Rental property for sale in Vevay at 204 E Pike St, Vevay, IN, 47043 offers $1,157/mo rent that, after a $631/mo payment, leaves $383/mo cash flow. Total monthly income is $1,157/mo, and annual cash flow is $4,598/yr on $42,730 cash. Return on cash invested measures 30.67% in year one, and rental yield stands at 10.77% at a $128,900 entry. Equity gained on principal adds $832/yr while 5% annual appreciation compounds into $35,613 by year five. Five-year ROI records 160.4% and total cumulative return in cash reaches $68,537. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,157/mo property income versus a $631/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1986
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47043, Vevay, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,458 (100%) |
| Owner Occupied HU | 1,489 (60.6%) |
| Renter Occupied HU | 640 (26.0%) |
| Vacant Housing Units | 329 (13.4%) |
| Median Home Value | $227,024 |
| Average Home Value | $260,406 |
Housing Distribution
Address Breakdown
Residential
2,316
Single Family
2,218
Multi-Family
98
Businesses
163
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