217 E Main StMadisonIN47250
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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 217 E Main St, Madison, IN, 47250 offers $1,500/mo rent that, after a $4,880/mo payment. Total monthly income is $1,500/mo. Return on cash invested measures 3.65% in year one, and rental yield stands at 1.81% at a $997,000 entry. Equity gained on principal adds $6,433/yr while 5% annual appreciation compounds into $275,453 by year five. Five-year ROI records 15.38% and total cumulative return in cash reaches $50,434. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,500/mo property income versus a $4,880/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1871
4,356 sqft 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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