230 S Baxter StAuburnIN46706
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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 Auburn at 230 S Baxter St, Auburn, IN, 46706 offers $1,734/mo rent that, after a $905/mo payment, leaves $524/mo cash flow. Total monthly income is $1,734/mo, and annual cash flow is $6,288/yr on $61,328 cash. Return on cash invested measures 30.16% in year one, and rental yield stands at 11.25% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 158.3% and total cumulative return in cash reaches $97,083. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,734/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
$300 quarterly 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
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Listed by: Katelyn Sandoval • Ness Bros. Realtors & Auctioneers
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435548
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.