2188 Carolina Trace RdWest HarrisonIN47060
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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 West Harrison at 2188 Carolina Trace Rd, West Harrison, IN, 47060 generates $2,414/mo in rent, after a $2,740/mo payment. Total monthly income is $2,414/mo. Return on cash invested sits at 13.89% in year one, and rental yield is 5.17% on a $559,900 entry. Equity gained on principal adds $3,613/yr, while 5% annual appreciation builds toward $154,690 over five years. Five-year ROI reaches 70.31% and total cumulative return in cash sums $129,514. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,414/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
3.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47060, West Harrison, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 2,442 (82.9%) |
| Renter Occupied HU | 375 (12.7%) |
| Vacant Housing Units | 130 ( 4.4%) |
| Median Home Value | $316,798 |
| Average Home Value | $332,482 |
Housing Distribution
Address Breakdown
Residential
2,955
Single Family
2,897
Multi-Family
58
Businesses
113
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Listed by: Piper Twiggs • Lohmiller Real Estate
Mls Name: SEIBR
Mls ID: #206054