280 W Main St #B-8NashvilleIN47448
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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 Nashville at 280 W Main St #B-8, Nashville, IN, 47448 uses $79,229 cash to close to unlock $3,385/yr annual cash flow and $282/mo monthly cash flow. Total monthly income runs $1,717/mo, and a $1,170/mo payment keeps the spread at $282/mo. Purchase price stands at $239,000, and rental yield measures 8.62% with $1,717/mo rent. Return on cash invested shows 24.18% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 125.56% and total cumulative return in cash records $99,480. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,717/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Condo
Built in 1991
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47448, Nashville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,428 (100%) |
| Owner Occupied HU | 2,879 (65.0%) |
| Renter Occupied HU | 702 (15.9%) |
| Vacant Housing Units | 847 (19.1%) |
| Median Home Value | $297,417 |
| Average Home Value | $337,810 |
Housing Distribution
Address Breakdown
Residential
3,520
Single Family
3,299
Multi-Family
221
Businesses
515
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