2559 N Melody StreetScottsburgIN47170
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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 Scottsburg at 2559 N Melody Street, Scottsburg, IN, 47170 priced at $299,900 converts $2,039/mo rent into $239/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,039/mo, and annual cash flow totals $2,863/yr on $99,417 invested. Return on cash invested prints 22.79% in year one, and rental yield reads 8.16% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 118.05% and total cumulative return in cash sums $117,364. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,039/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47170, Scottsburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,833 (100%) |
| Owner Occupied HU | 4,256 (62.3%) |
| Renter Occupied HU | 1,960 (28.7%) |
| Vacant Housing Units | 617 ( 9.0%) |
| Median Home Value | $185,872 |
| Average Home Value | $216,799 |
Housing Distribution
Address Breakdown
Residential
6,473
Single Family
6,313
Multi-Family
160
Businesses
537
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Listed by: Jennifer K Jordan • Lighthouse Realty Group, Inc.
Mls Name: SIRA
Mls Provider:
Mls ID: #202507387
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.