205 E Miller StGrantsburgIN47123
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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 Grantsburg at 205 E Miller St, Grantsburg, IN, 47123 priced at $127,000 converts $1,192/mo rent into $429/mo cash flow after a $622/mo obligation. Total monthly income equals $1,192/mo, and annual cash flow totals $5,151/yr on $42,101 invested. Return on cash invested prints 32.14% in year one, and rental yield reads 11.26% against a $127,000 entry. Equity gained on principal adds $820/yr, while 5% annual appreciation compiles into $35,088 by year five. Five-year ROI reaches 168.33% and total cumulative return in cash sums $70,869. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,192/mo property income covering a $622/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47123, Grantsburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 81 (100%) |
| Owner Occupied HU | 48 (59.3%) |
| Renter Occupied HU | 9 (11.1%) |
| Vacant Housing Units | 24 (29.6%) |
| Median Home Value | $115,000 |
| Average Home Value | $174,531 |
Housing Distribution
Address Breakdown
Residential
79
Single Family
79
Multi-Family
0
Businesses
0
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Listed by: Linda Smith • NTUNE Realty LLC
Mls Name: My State MLS
Mls ID: #11485023