302 W Pleasant StChurubuscoIN46723
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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
Rental property for sale in Churubusco at 302 W Pleasant St, Churubusco, IN, 46723 priced at $167,500 converts $1,369/mo rent into $363/mo cash flow after a $820/mo obligation. Total monthly income equals $1,369/mo, and annual cash flow totals $4,360/yr on $55,526 invested. Return on cash invested prints 27.76% in year one, and rental yield reads 9.81% against a $167,500 entry. Equity gained on principal adds $1,081/yr, while 5% annual appreciation compiles into $46,277 by year five. Five-year ROI reaches 144.78% and total cumulative return in cash sums $80,392. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,369/mo property income covering a $820/mo payment, not borrower’s personal income.
Single Family
Built in 1864
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46723, Churubusco, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,135 (100%) |
| Owner Occupied HU | 2,548 (81.3%) |
| Renter Occupied HU | 439 (14.0%) |
| Vacant Housing Units | 148 ( 4.7%) |
| Median Home Value | $232,273 |
| Average Home Value | $280,319 |
Housing Distribution
Address Breakdown
Residential
3,063
Single Family
3,063
Multi-Family
0
Businesses
156
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Listed by: Coreen Miller • Right Key Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530474
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.