22129 Water StOldenburgIN47036
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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 Oldenburg at 22129 Water St, Oldenburg, IN, 47036 earns $1,571/mo cash flow from $2,958/mo rent with a $1,131/mo payment. Total monthly income totals $2,958/mo, and annual cash flow totals $18,852/yr on $76,577 capital. ROI tracks 44.53% on current figures, and rental yield reads 15.37% at a $231,000 purchase. Equity gained on principal adds $1,491/yr, and 5% annual appreciation supports $63,821 over five years. Five-year ROI reaches 234.62% and total cumulative return in cash sums $179,661. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,958/mo property income instead of your personal income.
Single Family
Built in 1860
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47036, Oldenburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 341 (100%) |
| Owner Occupied HU | 266 (78.0%) |
| Renter Occupied HU | 43 (12.6%) |
| Vacant Housing Units | 32 ( 9.4%) |
| Median Home Value | $368,000 |
| Average Home Value | $378,806 |
Housing Distribution
Address Breakdown
Residential
275
Single Family
275
Multi-Family
0
Businesses
34
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