2938 Canal LaneGeorgetownIN47122
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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 Georgetown at 2938 Canal Lane, Georgetown, IN, 47122 generates $2,520/mo in rent and, after a $1,556/mo payment, leaves $612/mo in cash flow. Total monthly income is $2,520/mo, and annual cash flow is $7,339/yr on $105,417 invested. Return on cash invested sits at 26.87% in year one, and rental yield is 9.51% on a $318,000 entry. Equity gained on principal adds $2,052/yr, while 5% annual appreciation builds toward $87,858 over five years. Five-year ROI reaches 139.93% and total cumulative return in cash sums $147,515. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,520/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47122, Georgetown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,539 (100%) |
| Owner Occupied HU | 3,927 (86.5%) |
| Renter Occupied HU | 451 ( 9.9%) |
| Vacant Housing Units | 161 ( 3.5%) |
| Median Home Value | $317,873 |
| Average Home Value | $358,790 |
Housing Distribution
Address Breakdown
Residential
4,505
Single Family
4,481
Multi-Family
24
Businesses
186
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Listed by: Terri Wedding • Semonin REALTORS
Mls Name: SIRA
Mls ID: #2025012001