260 E Commerce StMacyIN46951
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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 Macy at 260 E Commerce St, Macy, IN, 46951 priced at $183,000 converts $1,010/mo rent into after a $896/mo obligation. Total monthly income equals $1,010/mo. Return on cash invested prints 18.15% in year one, and rental yield reads 6.62% against a $183,000 entry. Equity gained on principal adds $1,181/yr, while 5% annual appreciation compiles into $50,560 by year five. Five-year ROI reaches 93.24% and total cumulative return in cash sums $56,567. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,010/mo property income covering a $896/mo payment, not borrower’s personal income.
Single Family
Built in 1920
7,405 sqft 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: Holly Stone • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510693
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.