218 Cedar StWilliamsportIN47993
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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
Investment property for sale in Williamsport at 218 Cedar St, Williamsport, IN, 47993 offers a 8.11% rental yield on a $189,900 purchase with $1,284/mo rent. Total monthly income registers $1,284/mo, and a $929/mo payment leaves $145/mo available for distribution. Annual cash flow reaches $1,734/yr on $62,952 to close, and return on cash invested stands at 22.66% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 117.39% and total cumulative return in cash at $73,901. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,284/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47993, Williamsport, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,677 (100%) |
| Owner Occupied HU | 1,194 (71.2%) |
| Renter Occupied HU | 337 (20.1%) |
| Vacant Housing Units | 146 ( 8.7%) |
| Median Home Value | $154,861 |
| Average Home Value | $193,492 |
Housing Distribution
Address Breakdown
Residential
1,591
Single Family
1,591
Multi-Family
0
Businesses
120
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Listed by: Matt E Akers • Rainbow Realty
Mls Name: IRMLS
Mls ID: #202529513