2461 E 700 SMacyIN46951
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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 Macy at 2461 E 700 S, Macy, IN, 46951 listed at $550,000 pairs $1,024/mo rent with a $2,692/mo payment. Total monthly income runs $1,024/mo. Return on cash invested measures 4.96% in year one, and rental yield registers 2.23% at a $550,000 basis. Equity gained on principal adds $3,549/yr, and annual property appreciation at 5% supports $151,955 by year five. Five-year ROI tracks 22.39% and total cumulative return in cash totals $40,510. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,024/mo property income relative to a $2,692/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1998
42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46951, Macy, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,054 (100%) |
| Owner Occupied HU | 742 (70.4%) |
| Renter Occupied HU | 101 ( 9.6%) |
| Vacant Housing Units | 211 (20.0%) |
| Median Home Value | $232,673 |
| Average Home Value | $296,270 |
Housing Distribution
Address Breakdown
Residential
851
Single Family
851
Multi-Family
0
Businesses
22
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Listed by: Ty Mills • Mossy Oak Properties/Indiana Land and Lifestyle
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511604
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.