2352 Serenity CtAuburnIN46706
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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 2352 Serenity Ct, Auburn, IN, 46706 offers $2,144/mo rent that, after a $1,279/mo payment, leaves $465/mo cash flow. Total monthly income is $2,144/mo, and annual cash flow is $5,586/yr on $86,597 cash. Return on cash invested measures 26.36% in year one, and rental yield stands at 9.85% at a $261,227 entry. Equity gained on principal adds $1,686/yr while 5% annual appreciation compounds into $72,172 by year five. Five-year ROI records 137.76% and total cumulative return in cash reaches $119,299. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,144/mo property income versus a $1,279/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2024
0.31 Acres lot
$N/A/sqft
$110 monthly 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: Danielle Genth • Minear Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202425291
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.