237 E Franklin StHuntingtonIN46750
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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 Huntington at 237 E Franklin St, Huntington, IN, 46750 with 5% annual appreciation on a $174,900 basis while $1,393/mo rent supports operations. Total monthly income totals $1,393/mo and a $856/mo payment preserves $343/mo for cash returns. Annual cash flow comes to $4,118/yr on $57,979 deployed, and return on cash invested reaches 27.01% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,322 alongside rental yield of 9.56%. Five-year ROI measures 140.74% and total cumulative return in cash totals $81,600.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,393/mo property income versus a $856/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46750, Huntington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,943 (100%) |
| Owner Occupied HU | 8,168 (68.4%) |
| Renter Occupied HU | 2,783 (23.3%) |
| Vacant Housing Units | 992 ( 8.3%) |
| Median Home Value | $178,100 |
| Average Home Value | $231,209 |
Housing Distribution
Address Breakdown
Residential
11,283
Single Family
10,865
Multi-Family
418
Businesses
842
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Listed by: Carl Mygrant • Century 21 The Property Shoppe
Mls Name: IRMLS
Mls ID: #202600660