22172 Main StOldenburgIN47036
Nearby investment properties with comparable rents
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
Investment property for sale in Oldenburg at 22172 Main St, Oldenburg, IN, 47036 uses $92,820 cash to close to unlock $8,828/yr annual cash flow and $736/mo monthly cash flow. Total monthly income runs $2,416/mo, and a $1,370/mo payment keeps the spread at $736/mo. Purchase price stands at $280,000, and rental yield measures 10.35% with $2,416/mo rent. Return on cash invested shows 29.42% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 153.61% and total cumulative return in cash records $142,581. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,416/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1850
10,018 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices