2230 Ridge Crest Drive NELanesvilleIN47136
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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 Lanesville at 2230 Ridge Crest Drive NE, Lanesville, IN, 47136 generates $1,970/mo in rent and, after a $1,468/mo payment, leaves $170/mo in cash flow. Total monthly income is $1,970/mo, and annual cash flow is $2,035/yr on $99,417 invested. Return on cash invested sits at 21.96% in year one, and rental yield is 7.88% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 113.59% and total cumulative return in cash sums $112,924. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,970/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47136, Lanesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,034 (100%) |
| Owner Occupied HU | 1,721 (84.6%) |
| Renter Occupied HU | 227 (11.2%) |
| Vacant Housing Units | 86 ( 4.2%) |
| Median Home Value | $304,545 |
| Average Home Value | $341,761 |
Housing Distribution
Address Breakdown
Residential
1,889
Single Family
1,889
Multi-Family
0
Businesses
69
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Listed by: Craig Eberle • Keller Williams Realty Consultants
Mls Name: SIRA
Mls Provider:
Mls ID: #2025010233
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.