212 S Lincoln StWestportIN47283
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
Rental property for sale in Westport at 212 S Lincoln St, Westport, IN, 47283 priced at $224,500 pairs $2,142/mo rent with $794/mo cash flow after a $1,099/mo payment. Total monthly income equals $2,142/mo, and annual cash flow comes to $9,530/yr on $74,422 invested. Return on cash invested is 32.71% in year one, and rental yield stands at 11.45% on a $224,500 basis. Equity gained on principal adds $1,449/yr, and 5% annual appreciation accumulates to $62,025 by year five. Five-year ROI measures 171.33% and total cumulative return in cash reaches $127,508. For financing, Ziffy Mortgage’s DSCR program evaluates $2,142/mo property income against a $1,099/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47283, Westport, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,492 (100%) |
| Owner Occupied HU | 1,106 (74.1%) |
| Renter Occupied HU | 242 (16.2%) |
| Vacant Housing Units | 144 ( 9.7%) |
| Median Home Value | $234,951 |
| Average Home Value | $273,732 |
Housing Distribution
Address Breakdown
Residential
1,265
Single Family
1,265
Multi-Family
0
Businesses
60
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices