217 W Price AveGastonIN47342
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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 Gaston at 217 W Price Ave, Gaston, IN, 47342 generates $1,494/mo in rent and, after a $734/mo payment, leaves $594/mo in cash flow. Total monthly income is $1,494/mo, and annual cash flow is $7,125/yr on $49,725 invested. Return on cash invested sits at 34.24% in year one, and rental yield is 11.95% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 179.41% and total cumulative return in cash sums $89,214. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,494/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47342, Gaston, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,186 (100%) |
| Owner Occupied HU | 917 (77.3%) |
| Renter Occupied HU | 165 (13.9%) |
| Vacant Housing Units | 104 ( 8.8%) |
| Median Home Value | $167,609 |
| Average Home Value | $197,410 |
Housing Distribution
Address Breakdown
Residential
774
Single Family
774
Multi-Family
0
Businesses
41
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