271 W State Road 16LucerneIN46950
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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 Lucerne at 271 W State Road 16, Lucerne, IN, 46950 offers a 9.77% rental yield on a $170,000 purchase with $1,384/mo rent. Total monthly income registers $1,384/mo, and a $832/mo payment leaves $364/mo available for distribution. Annual cash flow reaches $4,363/yr on $56,355 to close, and return on cash invested stands at 27.65% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 144.13% and total cumulative return in cash at $81,225. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,384/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46950, Lucerne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 273 (100%) |
| Owner Occupied HU | 208 (76.2%) |
| Renter Occupied HU | 31 (11.4%) |
| Vacant Housing Units | 34 (12.5%) |
| Median Home Value | $191,346 |
| Average Home Value | $207,873 |
Housing Distribution
Address Breakdown
Residential
240
Single Family
240
Multi-Family
0
Businesses
7
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Listed by: Memi P Rennewanz • MPR Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202330276
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.