2657 S Kingman RdVeedersburgIN47987
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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 Veedersburg at 2657 S Kingman Rd, Veedersburg, IN, 47987 uses $66,300 cash to close to unlock $3,856/yr annual cash flow and $321/mo monthly cash flow. Total monthly income runs $1,601/mo, and a $979/mo payment keeps the spread at $321/mo. Purchase price stands at $200,000, and rental yield measures 9.61% with $1,601/mo rent. Return on cash invested shows 25.73% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 134.35% and total cumulative return in cash records $89,072. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,601/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1980
1.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47987, Veedersburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,768 (100%) |
| Owner Occupied HU | 1,275 (72.1%) |
| Renter Occupied HU | 347 (19.6%) |
| Vacant Housing Units | 146 ( 8.3%) |
| Median Home Value | $166,250 |
| Average Home Value | $196,373 |
Housing Distribution
Address Breakdown
Residential
1,598
Single Family
1,577
Multi-Family
21
Businesses
99
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Listed by: Greg Clingan • GregClingan Auction&RealEstate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532723
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.