2211 Stierley Rd NWadesvilleIN47638
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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 Wadesville at 2211 Stierley Rd N, Wadesville, IN, 47638 generates $1,387/mo in rent and, after a $1,027/mo payment, leaves $127/mo in cash flow. Total monthly income is $1,387/mo, and annual cash flow is $1,528/yr on $69,582 invested. Return on cash invested sits at 22.11% in year one, and rental yield is 7.93% on a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 114.44% and total cumulative return in cash sums $79,628. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,387/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47638, Wadesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,383 (100%) |
| Owner Occupied HU | 1,170 (84.6%) |
| Renter Occupied HU | 146 (10.6%) |
| Vacant Housing Units | 67 ( 4.8%) |
| Median Home Value | $319,667 |
| Average Home Value | $344,064 |
Housing Distribution
Address Breakdown
Residential
1,383
Single Family
1,383
Multi-Family
0
Businesses
49
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Listed by: Chris Harney • Keller Williams Elite
Mls Name: IRMLS
Mls ID: #202539891