2640 S Silcox RdParagonIN46166
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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 Paragon at 2640 S Silcox Rd, Paragon, IN, 46166 listed at $215,200 pairs $1,999/mo rent with a $1,053/mo payment to leave $707/mo cash flow. Total monthly income runs $1,999/mo, and annual cash flow reaches $8,490/yr on $71,339 cash to close. Return on cash invested measures 31.81% in year one, and rental yield registers 11.15% at a $215,200 basis. Equity gained on principal adds $1,389/yr, and annual property appreciation at 5% supports $59,456 by year five. Five-year ROI tracks 166.43% and total cumulative return in cash totals $118,732. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,999/mo property income relative to a $1,053/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2008
3.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46166, Paragon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 976 (100%) |
| Owner Occupied HU | 751 (76.9%) |
| Renter Occupied HU | 158 (16.2%) |
| Vacant Housing Units | 67 ( 6.9%) |
| Median Home Value | $222,679 |
| Average Home Value | $236,441 |
Housing Distribution
Address Breakdown
Residential
703
Single Family
703
Multi-Family
0
Businesses
35
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