22 S Elks StTerre HauteIN47802
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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
Investment property for sale in Terre Haute at 22 S Elks St, Terre Haute, IN, 47802 offers a 8.09% rental yield on a $355,000 purchase with $2,393/mo rent. Total monthly income registers $2,393/mo, and a $1,738/mo payment leaves $262/mo available for distribution. Annual cash flow reaches $3,138/yr on $117,683 to close, and return on cash invested stands at 22.58% in year one. Equity gained on principal adds $2,291/yr while 5% annual appreciation supports $98,080 over five years. Portfolio math shows five-year ROI at 116.91% and total cumulative return in cash at $137,580. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,393/mo property income against a $1,738/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47802, Terre Haute, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,234 (100%) |
| Owner Occupied HU | 8,249 (54.1%) |
| Renter Occupied HU | 5,649 (37.1%) |
| Vacant Housing Units | 1,336 ( 8.8%) |
| Median Home Value | $191,284 |
| Average Home Value | $256,820 |
Housing Distribution
Address Breakdown
Residential
14,491
Single Family
13,433
Multi-Family
1,058
Businesses
1,155
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