230 N Clark StAuburnIN46706
Nearby investment properties with comparable rents
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
Investment property for sale in Auburn at 230 N Clark St, Auburn, IN, 46706 offers a 15.12% rental yield on a $149,400 purchase with $1,883/mo rent. Total monthly income registers $1,883/mo, and a $731/mo payment leaves $986/mo available for distribution. Annual cash flow reaches $11,837/yr on $49,526 to close, and return on cash invested stands at 43.81% in year one. Equity gained on principal adds $964/yr while 5% annual appreciation supports $41,276 over five years. Portfolio math shows five-year ROI at 230.83% and total cumulative return in cash at $114,322. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,883/mo property income against a $731/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
6,011 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46706, Auburn, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,864 (100%) |
| Owner Occupied HU | 6,655 (75.1%) |
| Renter Occupied HU | 1,687 (19.0%) |
| Vacant Housing Units | 522 ( 5.9%) |
| Median Home Value | $227,490 |
| Average Home Value | $279,454 |
Housing Distribution
Address Breakdown
Residential
8,621
Single Family
8,480
Multi-Family
141
Businesses
818
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices