2470 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
Rental property for sale in Terre Haute at 2470 E Northwood Ave, Terre Haute, IN, 47805 priced at $448,700 converts $3,444/mo rent into $751/mo cash flow after a $2,196/mo obligation. Total monthly income equals $3,444/mo, and annual cash flow totals $9,008/yr on $148,744 invested. Return on cash invested prints 25.97% in year one, and rental yield reads 9.21% against a $448,700 entry. Equity gained on principal adds $2,895/yr, while 5% annual appreciation compiles into $123,968 by year five. Five-year ROI reaches 135.07% and total cumulative return in cash sums $200,910. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,444/mo property income covering a $2,196/mo payment, not borrower’s personal income.
Single Family
Built in 2022
0.42 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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