209 W Broadway StWest HarrisonIN47060
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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 West Harrison at 209 W Broadway St, West Harrison, IN, 47060 offers $1,928/mo rent that, after a $1,067/mo payment, leaves $619/mo cash flow. Total monthly income is $1,928/mo, and annual cash flow is $7,433/yr on $72,267 cash. Return on cash invested measures 30.19% in year one, and rental yield stands at 10.61% at a $218,000 entry. Equity gained on principal adds $1,407/yr while 5% annual appreciation compounds into $60,229 by year five. Five-year ROI records 157.77% and total cumulative return in cash reaches $114,019. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,928/mo property income versus a $1,067/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
6,724 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47060, West Harrison, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 2,442 (82.9%) |
| Renter Occupied HU | 375 (12.7%) |
| Vacant Housing Units | 130 ( 4.4%) |
| Median Home Value | $316,798 |
| Average Home Value | $332,482 |
Housing Distribution
Address Breakdown
Residential
2,955
Single Family
2,897
Multi-Family
58
Businesses
113
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