240 Spring Street UNIT DJeffersonvilleIN47130
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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 Jeffersonville at 240 Spring Street UNIT D, Jeffersonville, IN, 47130 uses $74,422 cash to close to unlock $5,378/yr annual cash flow and $448/mo monthly cash flow. Total monthly income runs $1,980/mo, and a $1,099/mo payment keeps the spread at $448/mo. Purchase price stands at $224,500, and rental yield measures 10.58% with $1,980/mo rent. Return on cash invested shows 27.14% in year one, and 5% annual appreciation builds toward $62,025 over five years. Five-year ROI reaches 142.47% and total cumulative return in cash records $106,028. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,980/mo property income covering a $1,099/mo payment rather than investor’s personal income.
Condo
Built in 1926
N/A lot
$N/A/sqft
$184 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47130, Jeffersonville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,959 (100%) |
| Owner Occupied HU | 14,147 (59.0%) |
| Renter Occupied HU | 8,079 (33.7%) |
| Vacant Housing Units | 1,733 ( 7.2%) |
| Median Home Value | $238,881 |
| Average Home Value | $268,900 |
Housing Distribution
Address Breakdown
Residential
23,377
Single Family
20,941
Multi-Family
2,436
Businesses
1,498
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Listed by: Jimmie R Cash • Southern Realty
Mls Name: SIRA
Mls Provider:
Mls ID: #202506696
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.