291 Phillips LnSpringvilleIN47462
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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 Springville at 291 Phillips Ln, Springville, IN, 47462 with 5% annual appreciation on a $595,000 basis while $2,299/mo rent supports operations. 26% in year one. Equity gained on principal adds $3,839/yr, and five-year appreciation sums $164,388 alongside rental yield of 4.64%. Five-year ROI measures 61.55% and total cumulative return in cash totals $120,482. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,299/mo property income versus a $2,912/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
10.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47462, Springville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,250 (100%) |
| Owner Occupied HU | 1,864 (82.8%) |
| Renter Occupied HU | 230 (10.2%) |
| Vacant Housing Units | 156 ( 6.9%) |
| Median Home Value | $254,428 |
| Average Home Value | $300,248 |
Housing Distribution
Address Breakdown
Residential
2,018
Single Family
2,018
Multi-Family
0
Businesses
47
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Listed by: Debra Suddarth • Suddarth & Company
Mls Name: IRMLS
Mls ID: #202601562