205 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
Investment property for sale in Fort Branch at 205 W Locust St, Fort Branch, IN, 47648 uses $59,633 cash to close to unlock $2,372/yr annual cash flow and $198/mo monthly cash flow. Total monthly income runs $1,417/mo, and a $880/mo payment keeps the spread at $198/mo. Purchase price stands at $179,888, and rental yield measures 9.45% with $1,417/mo rent. Return on cash invested shows 23.89% in year one, and 5% annual appreciation builds toward $49,700 over five years. Five-year ROI reaches 124.97% and total cumulative return in cash records $74,526. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,417/mo property income covering a $880/mo payment rather than investor’s personal income.
Condo
Built in 2022
N/A lot
$N/A/sqft
$140 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John P Czoer • FIRST CLASS REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514936
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.