302 E Ritter StEllettsvilleIN47429
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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 Ellettsville at 302 E Ritter St, Ellettsville, IN, 47429 with 5% annual appreciation on a $204,900 basis while $1,603/mo rent supports operations. Total monthly income totals $1,603/mo and a $1,003/mo payment preserves $373/mo for cash returns. Annual cash flow comes to $4,475/yr on $67,924 deployed, and return on cash invested reaches 26.5% in year one. Equity gained on principal adds $1,322/yr, and five-year appreciation sums $56,610 alongside rental yield of 9.39%. Five-year ROI measures 137.9% and total cumulative return in cash totals $93,670.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,603/mo property income versus a $1,003/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Housing Distribution
Address Breakdown
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
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Listed by: Deborah Tomaro • Deb Tomaro Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510517
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.