2805 Hancock Chapel Road NWDepauwIN47115
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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
Rental property for sale in Depauw at 2805 Hancock Chapel Road NW, Depauw, IN, 47115 generates $1,903/mo in rent, after a $2,447/mo payment. Total monthly income is $1,903/mo. Return on cash invested sits at 11.96% in year one, and rental yield is 4.57% on a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 59.96% and total cumulative return in cash sums $99,392. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,903/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
20.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47115, Depauw, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,061 (100%) |
| Owner Occupied HU | 805 (75.9%) |
| Renter Occupied HU | 146 (13.8%) |
| Vacant Housing Units | 110 (10.4%) |
| Median Home Value | $212,298 |
| Average Home Value | $215,112 |
Housing Distribution
Address Breakdown
Residential
998
Single Family
998
Multi-Family
0
Businesses
13
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