302 E Court StreetLeavenworthIN47137
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Leavenworth at 302 E Court Street, Leavenworth, IN, 47137 priced at $139,900 converts $1,042/mo rent into $202/mo cash flow after a $685/mo obligation. Total monthly income equals $1,042/mo, and annual cash flow totals $2,423/yr on $46,377 invested. Return on cash invested prints 25.13% in year one, and rental yield reads 8.94% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 130.6% and total cumulative return in cash sums $60,567. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,042/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1940
9,278 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47137, Leavenworth, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 785 (100%) |
| Owner Occupied HU | 535 (68.2%) |
| Renter Occupied HU | 64 ( 8.2%) |
| Vacant Housing Units | 186 (23.7%) |
| Median Home Value | $134,593 |
| Average Home Value | $168,252 |
Housing Distribution
Address Breakdown
Residential
622
Single Family
622
Multi-Family
0
Businesses
40
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori S Short • The Short-Bates Realty Group
Mls Name: SIRA
Mls ID: #202509296