2115 Cragmont StreetMadisonIN47250
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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 Madison at 2115 Cragmont Street, Madison, IN, 47250 generates $2,030/mo in rent and, after a $1,174/mo payment, leaves $590/mo in cash flow. Total monthly income is $2,030/mo, and annual cash flow is $7,081/yr on $79,527 invested. Return on cash invested sits at 28.81% in year one, and rental yield is 10.15% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 150.4% and total cumulative return in cash sums $119,611. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,030/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47250, Madison, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,256 (100%) |
| Owner Occupied HU | 6,609 (64.4%) |
| Renter Occupied HU | 2,671 (26.0%) |
| Vacant Housing Units | 976 ( 9.5%) |
| Median Home Value | $232,661 |
| Average Home Value | $249,506 |
Housing Distribution
Address Breakdown
Residential
9,501
Single Family
9,288
Multi-Family
213
Businesses
902
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Listed by: Scott Lynch • F.C. Tucker/Scott Lynch Group
Mls Name: SIRA
Mls Provider:
Mls ID: #202506866
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.