220 S Main StSharpsvilleIN46068
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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
Rental property for sale in Sharpsville at 220 S Main St, Sharpsville, IN, 46068 offers $1,350/mo rent that, after a $734/mo payment, leaves $450/mo cash flow. Total monthly income is $1,350/mo, and annual cash flow is $5,398/yr on $49,692 cash. Return on cash invested measures 30.77% in year one, and rental yield stands at 10.81% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 160.85% and total cumulative return in cash reaches $79,931. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,350/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
7,320 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46068, Sharpsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,055 (100%) |
| Owner Occupied HU | 890 (84.4%) |
| Renter Occupied HU | 91 ( 8.6%) |
| Vacant Housing Units | 74 ( 7.0%) |
| Median Home Value | $201,325 |
| Average Home Value | $216,837 |
Housing Distribution
Address Breakdown
Residential
904
Single Family
904
Multi-Family
0
Businesses
31
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Listed by: Naomi Eason • RE/MAX Realty One
Mls Name: IRMLS
Mls ID: #202530641