217 E Grandview AveRedkeyIN47373
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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 Redkey at 217 E Grandview Ave, Redkey, IN, 47373 priced at $109,900 converts $1,649/mo rent into $989/mo cash flow after a $538/mo obligation. Total monthly income equals $1,649/mo, and annual cash flow totals $11,870/yr on $36,432 invested. Return on cash invested prints 52.49% in year one, and rental yield reads 18.01% against a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation compiles into $30,363 by year five. Five-year ROI reaches 277.42% and total cumulative return in cash sums $101,068. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,649/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47373, Redkey, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 973 (100%) |
| Owner Occupied HU | 665 (68.3%) |
| Renter Occupied HU | 186 (19.1%) |
| Vacant Housing Units | 122 (12.5%) |
| Median Home Value | $162,750 |
| Average Home Value | $215,075 |
Housing Distribution
Address Breakdown
Residential
603
Single Family
603
Multi-Family
0
Businesses
42
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Listed by: Mark Leavell • Leavell Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202433251
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.