302 Hill St NWDepauwIN47115
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 Depauw at 302 Hill St NW, Depauw, IN, 47115 priced at $182,000 converts $1,306/mo rent into $213/mo cash flow after a $891/mo obligation. Total monthly income equals $1,306/mo, and annual cash flow totals $2,559/yr on $60,333 invested. Return on cash invested prints 24.15% in year one, and rental yield reads 8.61% against a $182,000 entry. Equity gained on principal adds $1,174/yr, while 5% annual appreciation compiles into $50,283 by year five. Five-year ROI reaches 125.42% and total cumulative return in cash sums $75,669. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,306/mo property income covering a $891/mo payment, not borrower’s personal income.
Single Family
Built in 1936
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47115, Depauw, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,061 (100%) |
| Owner Occupied HU | 805 (75.9%) |
| Renter Occupied HU | 146 (13.8%) |
| Vacant Housing Units | 110 (10.4%) |
| Median Home Value | $212,298 |
| Average Home Value | $215,112 |
Housing Distribution
Address Breakdown
Residential
998
Single Family
998
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices