300 S Brookville PikeWest College CornerIN47003
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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 West College Corner at 300 S Brookville Pike, West College Corner, IN, 47003 offers a 10.11% rental yield on a $199,900 purchase with $1,684/mo rent. Total monthly income registers $1,684/mo, and a $978/mo payment leaves $484/mo available for distribution. Annual cash flow reaches $5,813/yr on $66,267 to close, and return on cash invested stands at 28.68% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 149.67% and total cumulative return in cash at $99,181. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,684/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47003, West College Corner, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 381 (100%) |
| Owner Occupied HU | 213 (55.9%) |
| Renter Occupied HU | 129 (33.9%) |
| Vacant Housing Units | 39 (10.2%) |
| Median Home Value | $186,058 |
| Average Home Value | $199,660 |
Housing Distribution
Address Breakdown
Residential
276
Single Family
244
Multi-Family
32
Businesses
17
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Listed by: Trish Smith • Better Homes and Gardens First Realty Group
Mls Name: RLMS
Mls ID: #10052711