22307 Highway 31 NUnderwoodIN47177
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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 Underwood at 22307 Highway 31 N, Underwood, IN, 47177 generates $1,742/mo in rent and, after a $929/mo payment, leaves $603/mo in cash flow. Total monthly income is $1,742/mo, and annual cash flow is $7,230/yr on $62,952 invested. Return on cash invested sits at 31.39% in year one, and rental yield is 11.01% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 164.21% and total cumulative return in cash sums $103,373. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,742/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
1.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47177, Underwood, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 606 (100%) |
| Owner Occupied HU | 491 (81.0%) |
| Renter Occupied HU | 68 (11.2%) |
| Vacant Housing Units | 47 ( 7.8%) |
| Median Home Value | $259,052 |
| Average Home Value | $293,513 |
Housing Distribution
Address Breakdown
Residential
591
Single Family
591
Multi-Family
0
Businesses
15
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