2421 E Northwood AveTerre HauteIN47805
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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 Terre Haute at 2421 E Northwood Ave, Terre Haute, IN, 47805 offers a 11.84% rental yield on a $295,000 purchase with $2,911/mo rent. Total monthly income registers $2,911/mo, and a $1,444/mo payment leaves $1,140/mo available for distribution. Annual cash flow reaches $13,680/yr on $97,793 to close, and return on cash invested stands at 33.9% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 177.65% and total cumulative return in cash at $173,726. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,911/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47805, Terre Haute, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,701 (100%) |
| Owner Occupied HU | 4,194 (73.6%) |
| Renter Occupied HU | 1,172 (20.6%) |
| Vacant Housing Units | 335 ( 5.9%) |
| Median Home Value | $168,028 |
| Average Home Value | $217,341 |
Housing Distribution
Address Breakdown
Residential
5,548
Single Family
5,548
Multi-Family
0
Businesses
236
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Listed by: CARRIE SMITH • GIBSON REAL ESTATE, INC.
Mls Name: THAAR
Mls ID: #108187