209 S Main StFort BranchIN47648
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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 Fort Branch at 209 S Main St, Fort Branch, IN, 47648 priced at $154,900 converts $834/mo rent into after a $758/mo obligation. Total monthly income equals $834/mo. Return on cash invested prints 17.67% in year one, and rental yield reads 6.46% against a $154,900 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,796 by year five. Five-year ROI reaches 90.67% and total cumulative return in cash sums $46,556. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $834/mo property income covering a $758/mo payment, not borrower’s personal income.
Single Family
Built in 1900
4,356 sqft 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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Listed by: Grant A Waldroup • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls ID: #202543248