2514 E Eldridge StStar CityIN46985
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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 Star City at 2514 E Eldridge St, Star City, IN, 46985 generates $1,361/mo in rent and, after a $1,028/mo payment, leaves $100/mo in cash flow. Total monthly income is $1,361/mo, and annual cash flow is $1,203/yr on $69,615 invested. Return on cash invested sits at 21.64% in year one, and rental yield is 7.78% on a $209,999 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 111.93% and total cumulative return in cash sums $77,919. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,361/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46985, Star City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 634 (100%) |
| Owner Occupied HU | 470 (74.1%) |
| Renter Occupied HU | 90 (14.2%) |
| Vacant Housing Units | 74 (11.7%) |
| Median Home Value | $150,000 |
| Average Home Value | $160,617 |
Housing Distribution
Address Breakdown
Residential
531
Single Family
531
Multi-Family
0
Businesses
18
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