2214 Cailynn DrTerre 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
Rental property for sale in Terre Haute at 2214 Cailynn Dr, Terre Haute, IN, 47802 priced at $209,900 converts $1,996/mo rent into $736/mo cash flow after a $1,027/mo obligation. Total monthly income equals $1,996/mo, and annual cash flow totals $8,836/yr on $69,582 invested. Return on cash invested prints 32.61% in year one, and rental yield reads 11.41% against a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation compiles into $57,992 by year five. Five-year ROI reaches 170.73% and total cumulative return in cash sums $118,796. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,996/mo property income covering a $1,027/mo payment, not borrower’s personal income.
Condo
Built in 2003
1,742 sqft 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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Listed by: John Mullican • REMAX R.E.A.
Mls Name: THAAR
Mls Provider:
Mls ID: #104756
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Terre Haute Area Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright 2024 Terre Haute Area Association of Realtors. All Rights Reserved. Last Updated: 2024-10-15 07:40:29 PDT