23 Terrance DrBatesvilleIN47006
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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
Rental property for sale in Batesville at 23 Terrance Dr, Batesville, IN, 47006 offers $1,980/mo rent that, after a $1,444/mo payment, leaves $209/mo cash flow. Total monthly income is $1,980/mo, and annual cash flow is $2,508/yr on $97,793 cash. Return on cash invested measures 22.47% in year one, and rental yield stands at 8.05% at a $295,000 entry. Equity gained on principal adds $1,904/yr while 5% annual appreciation compounds into $81,503 by year five. Five-year ROI records 116.39% and total cumulative return in cash reaches $113,822. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,980/mo property income versus a $1,444/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47006, Batesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,283 (100%) |
| Owner Occupied HU | 3,772 (71.4%) |
| Renter Occupied HU | 1,261 (23.9%) |
| Vacant Housing Units | 250 ( 4.7%) |
| Median Home Value | $269,014 |
| Average Home Value | $294,852 |
Housing Distribution
Address Breakdown
Residential
5,121
Single Family
4,800
Multi-Family
321
Businesses
445
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Listed by: Aaron Garrett • Lohmiller Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22069217