2617 North Cres #990WorthingtonIN47471
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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
Investment property for sale in Worthington at 2617 North Cres #990, Worthington, IN, 47471 earns $120/mo cash flow from $1,200/mo rent with a $881/mo payment. Total monthly income totals $1,200/mo, and annual cash flow totals $1,435/yr on $59,637 capital. ROI tracks 22.32% on current figures, and rental yield reads 8% at a $179,900 purchase. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 over five years. Five-year ROI reaches 115.51% and total cumulative return in cash sums $68,889. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,200/mo property income instead of your personal income.
Single Family
Built in 2005
4.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47471, Worthington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,188 (100%) |
| Owner Occupied HU | 826 (69.5%) |
| Renter Occupied HU | 226 (19.0%) |
| Vacant Housing Units | 136 (11.4%) |
| Median Home Value | $122,464 |
| Average Home Value | $181,262 |
Housing Distribution
Address Breakdown
Residential
1,187
Single Family
1,162
Multi-Family
25
Businesses
84
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Listed by: Corey Mauder • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22067805