220 S 2nd StEllettsvilleIN47429
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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 Ellettsville at 220 S 2nd St, Ellettsville, IN, 47429 uses $82,544 cash to close to unlock $9,192/yr annual cash flow and $766/mo monthly cash flow. Total monthly income runs $2,261/mo, and a $1,219/mo payment keeps the spread at $766/mo. Purchase price stands at $249,000, and rental yield measures 10.9% with $2,261/mo rent. Return on cash invested shows 31.05% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 162.38% and total cumulative return in cash records $134,036. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,261/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1899
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Housing Distribution
Address Breakdown
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
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Listed by: Tracy J. Young • Century 21 Scheetz - Bloomington
Mls Name: IRMLS
Mls ID: #202544107