2610 Vineyard Way LOT 228, Memphis, IN, 47143 | 6.91% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2610 Vineyard Way LOT 228, Memphis, IN, 47143 | 6.91% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Memphis at 2610 Vineyard Way LOT 228, Memphis, IN, 47143 earns from $2,160/mo rent with a $1,835/mo payment. Total monthly income totals $2,160/mo. ROI tracks 19.03% on current figures, and rental yield reads 6.91% at a $374,900 purchase. Equity gained on principal adds $2,419/yr, and 5% annual appreciation supports $103,578 over five years. Five-year ROI reaches 97.93% and total cumulative return in cash sums $121,711. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,160/mo property income instead of your personal income.

Single Family

Built in 2025

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

*BUILDER WILL PROVIDE UP TO $5,000 TOWARDS BUYERS CLOSING COST WITH PREFERRED LENDER**The "Emerson" Plan in ASB's newest development of FAIRVIEW FARM, right on the edge of Sellersburg and Memphis with a FINISHED BASEMENT! As soon as you step inside, you will immediately notice the soaring 10 ft ceiling height in the expansive living room that offers LVP "life proof" flooring, recessed lighting, and flows right into the dining area and kitchen. The kitchen offers an abundance of cabinet and counter space for which will be Granite or Quartz, kitchen island and breakfast bar! All bedrooms are a great size, including the owners suite that offers a private ensuite bath with separated dual sink, two walkin closets, and separate shower. The Finished BASEMENT offers a large family room, 4th bedroom and full bath, with plenty of storage. This new development is just minutes from the expressway, downtown Sellersburg, and the prestigious Covered Bridge Golf Course! Builder provides an RWC Warranty at closing and this home is ENERGY SMART RATED!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47143, Memphis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,619 (100%)
Owner Occupied HU	1,408 (87.0%)
Renter Occupied HU	171 (10.6%)
Vacant Housing Units	40 ( 2.5%)
Median Home Value	$266,563
Average Home Value	$290,305