218 Grand AveGrandviewIN47615
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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 Grandview at 218 Grand Ave, Grandview, IN, 47615 generates $979/mo in rent and, after a $636/mo payment, leaves $199/mo in cash flow. Total monthly income is $979/mo, and annual cash flow is $2,388/yr on $43,062 invested. Return on cash invested sits at 25.46% in year one, and rental yield is 9.04% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 132.44% and total cumulative return in cash sums $57,031. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $979/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47615, Grandview, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 657 (100%) |
| Owner Occupied HU | 494 (75.2%) |
| Renter Occupied HU | 98 (14.9%) |
| Vacant Housing Units | 65 ( 9.9%) |
| Median Home Value | $215,351 |
| Average Home Value | $249,423 |
Housing Distribution
Address Breakdown
Residential
602
Single Family
602
Multi-Family
0
Businesses
19
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Listed by: Meredith Leslie • Key Associates of Rockport IN
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438257
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.