22224 Stipps Hill RdLaurelIN47024
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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 Laurel at 22224 Stipps Hill Rd, Laurel, IN, 47024 listed at $164,900 pairs $1,397/mo rent with a $807/mo payment to leave $407/mo cash flow. Total monthly income runs $1,397/mo, and annual cash flow reaches $4,887/yr on $54,664 cash to close. Return on cash invested measures 28.85% in year one, and rental yield registers 10.17% at a $164,900 basis. Equity gained on principal adds $1,064/yr, and annual property appreciation at 5% supports $45,559 by year five. Five-year ROI tracks 150.62% and total cumulative return in cash totals $82,336. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,397/mo property income relative to a $807/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1989
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47024, Laurel, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,293 (100%) |
| Owner Occupied HU | 965 (74.6%) |
| Renter Occupied HU | 191 (14.8%) |
| Vacant Housing Units | 137 (10.6%) |
| Median Home Value | $176,520 |
| Average Home Value | $223,956 |
Housing Distribution
Address Breakdown
Residential
1,004
Single Family
1,004
Multi-Family
0
Businesses
44
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