2442 County Road 38AuburnIN46706
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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 Auburn at 2442 County Road 38, Auburn, IN, 46706 earns from $2,802/mo rent with a $2,430/mo payment. Total monthly income totals $2,802/mo. ROI tracks 18.61% on current figures, and rental yield reads 6.77% at a $496,400 purchase. Equity gained on principal adds $3,203/yr, and 5% annual appreciation supports $137,146 over five years. Five-year ROI reaches 95.63% and total cumulative return in cash sums $157,362. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,802/mo property income instead of your personal income.
Single Family
Built in 1989
34.57 Acres lot
$N/A/sqft
No 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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