300 S Heritage DrDelphiIN46923
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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 Delphi at 300 S Heritage Dr, Delphi, IN, 46923 uses $88,676 cash to close to unlock $2,309/yr annual cash flow and $192/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $1,309/mo payment keeps the spread at $192/mo. Purchase price stands at $267,500, and rental yield measures 8.07% with $1,800/mo rent. Return on cash invested shows 22.51% in year one, and 5% annual appreciation builds toward $73,905 over five years. Five-year ROI reaches 116.6% and total cumulative return in cash records $103,400. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $1,309/mo payment rather than investor’s personal income.
Single Family
Built in 1991
10,802 sqft lot
$N/A/sqft
$25 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46923, Delphi, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,476 (100%) |
| Owner Occupied HU | 2,521 (72.5%) |
| Renter Occupied HU | 683 (19.6%) |
| Vacant Housing Units | 272 ( 7.8%) |
| Median Home Value | $171,232 |
| Average Home Value | $207,676 |
Housing Distribution
Address Breakdown
Residential
3,286
Single Family
3,248
Multi-Family
38
Businesses
307
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Listed by: Rebecca Gibson • Raeco Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520662
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.