302 N Kenton StReynoldsIN47980
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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 Reynolds at 302 N Kenton St, Reynolds, IN, 47980 offers a 9.59% rental yield on a $124,000 purchase with $991/mo rent. Total monthly income registers $991/mo, and a $607/mo payment leaves $247/mo available for distribution. Annual cash flow reaches $2,959/yr on $41,106 to close, and return on cash invested stands at 27.11% in year one. Equity gained on principal adds $800/yr while 5% annual appreciation supports $34,259 over five years. Portfolio math shows five-year ROI at 141.27% and total cumulative return in cash at $58,071. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $991/mo property income against a $607/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47980, Reynolds, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 477 (100%) |
| Owner Occupied HU | 337 (70.6%) |
| Renter Occupied HU | 109 (22.9%) |
| Vacant Housing Units | 31 ( 6.5%) |
| Median Home Value | $209,270 |
| Average Home Value | $232,025 |
Housing Distribution
Address Breakdown
Residential
412
Single Family
412
Multi-Family
0
Businesses
58
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