2300 Old East Road NEPalmyraIN47164
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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 Palmyra at 2300 Old East Road NE, Palmyra, IN, 47164 uses $52,709 cash to close to unlock $4,881/yr annual cash flow and $407/mo monthly cash flow. Total monthly income runs $1,361/mo, and a $778/mo payment keeps the spread at $407/mo. Purchase price stands at $159,000, and rental yield measures 10.27% with $1,361/mo rent. Return on cash invested shows 29.17% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 152.29% and total cumulative return in cash records $80,268. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,361/mo property income covering a $778/mo payment rather than investor’s personal income.
Manufactured
Built in 1990
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47164, Palmyra, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,602 (100%) |
| Owner Occupied HU | 1,200 (74.9%) |
| Renter Occupied HU | 292 (18.2%) |
| Vacant Housing Units | 110 ( 6.9%) |
| Median Home Value | $230,747 |
| Average Home Value | $244,842 |
Housing Distribution
Address Breakdown
Residential
1,490
Single Family
1,490
Multi-Family
0
Businesses
69
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