2907 Franklin AveHighlandIN46322
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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 Highland at 2907 Franklin Ave, Highland, IN, 46322 uses $90,665 cash to close to unlock $8,088/yr annual cash flow and $674/mo monthly cash flow. Total monthly income runs $2,328/mo, and a $1,339/mo payment keeps the spread at $674/mo. Purchase price stands at $273,500, and rental yield measures 10.21% with $2,328/mo rent. Return on cash invested shows 28.83% in year one, and 5% annual appreciation builds toward $75,563 over five years. Five-year ROI reaches 150.54% and total cumulative return in cash records $136,484. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,328/mo property income covering a $1,339/mo payment rather than investor’s personal income.
Single Family
Built in 1951
9,150 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46322, Highland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,588 (100%) |
| Owner Occupied HU | 7,922 (74.8%) |
| Renter Occupied HU | 2,280 (21.5%) |
| Vacant Housing Units | 386 ( 3.6%) |
| Median Home Value | $243,747 |
| Average Home Value | $271,248 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
8,500
Multi-Family
1,880
Businesses
918
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