225 W Grace StRensselaerIN47978
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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 Rensselaer at 225 W Grace St, Rensselaer, IN, 47978 offers a 7.89% rental yield on a $259,900 purchase with $1,708/mo rent. Total monthly income registers $1,708/mo, and a $1,272/mo payment leaves $148/mo available for distribution. Annual cash flow reaches $1,775/yr on $86,157 to close, and return on cash invested stands at 21.97% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 113.65% and total cumulative return in cash at $97,918. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,708/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47978, Rensselaer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,173 (67.4%) |
| Renter Occupied HU | 1,190 (25.3%) |
| Vacant Housing Units | 347 ( 7.4%) |
| Median Home Value | $207,764 |
| Average Home Value | $254,811 |
Housing Distribution
Address Breakdown
Residential
4,454
Single Family
4,324
Multi-Family
130
Businesses
430
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Listed by: JoAnn McElfresh • Jenkins, REALTORS, INC.
Mls Name: NIRA
Mls ID: #833542