302 S Main StPine VillageIN47975
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 Pine Village at 302 S Main St, Pine Village, IN, 47975 priced at $320,000 converts $1,888/mo rent into after a $1,566/mo obligation. Total monthly income equals $1,888/mo. Return on cash invested prints 19.54% in year one, and rental yield reads 7.08% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 100.64% and total cumulative return in cash sums $106,755. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,888/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1940
2.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47975, Pine Village, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 334 (100%) |
| Owner Occupied HU | 251 (75.1%) |
| Renter Occupied HU | 37 (11.1%) |
| Vacant Housing Units | 46 (13.8%) |
| Median Home Value | $236,029 |
| Average Home Value | $257,908 |
Housing Distribution
Address Breakdown
Residential
209
Single Family
209
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matt E Akers • Rainbow Realty
Mls Name: IRMLS
Mls ID: #202602742