2843 Garfield AveTerre HauteIN47804
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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 Terre Haute at 2843 Garfield Ave, Terre Haute, IN, 47804 earns $240/mo cash flow from $1,080/mo rent with a $685/mo payment. Total monthly income totals $1,080/mo, and annual cash flow totals $2,879/yr on $46,377 capital. ROI tracks 26.12% on current figures, and rental yield reads 9.26% at a $139,900 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 over five years. Five-year ROI reaches 135.88% and total cumulative return in cash sums $63,015. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,080/mo property income instead of your personal income.
Single Family
Built in 1950
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47804, Terre Haute, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,791 (100%) |
| Owner Occupied HU | 2,447 (51.1%) |
| Renter Occupied HU | 1,735 (36.2%) |
| Vacant Housing Units | 609 (12.7%) |
| Median Home Value | $98,003 |
| Average Home Value | $144,449 |
Housing Distribution
Address Breakdown
Residential
4,612
Single Family
4,271
Multi-Family
341
Businesses
354
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Listed by: Trent Keith • Keith Realty & Auction Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22057935