2871 Mexico Ridge RdBenningtonIN47011
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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 Bennington at 2871 Mexico Ridge Rd, Bennington, IN, 47011 uses $154,148 cash to close to unlock $8,647/yr annual cash flow and $721/mo monthly cash flow. Total monthly income runs $3,512/mo, and a $2,276/mo payment keeps the spread at $721/mo. Purchase price stands at $465,000, and rental yield measures 9.06% with $3,512/mo rent. Return on cash invested shows 25.52% in year one, and 5% annual appreciation builds toward $128,471 over five years. Five-year ROI reaches 132.68% and total cumulative return in cash records $204,527. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,512/mo property income covering a $2,276/mo payment rather than investor’s personal income.
Single Family
Built in 1916
10.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47011, Bennington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 479 (100%) |
| Owner Occupied HU | 351 (73.3%) |
| Renter Occupied HU | 59 (12.3%) |
| Vacant Housing Units | 69 (14.4%) |
| Median Home Value | $247,396 |
| Average Home Value | $254,858 |
Housing Distribution
Address Breakdown
Residential
365
Single Family
365
Multi-Family
0
Businesses
4
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Listed by: Deena Owens • Exp Realty
Mls Name: SEIBR
Mls ID: #206702