303 E Main StMedaryvilleIN47957
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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 Medaryville at 303 E Main St, Medaryville, IN, 47957 uses $80,886 cash to close to unlock $9,067/yr annual cash flow and $756/mo monthly cash flow. Total monthly income runs $2,220/mo, and a $1,194/mo payment keeps the spread at $756/mo. Purchase price stands at $244,000, and rental yield measures 10.92% with $2,220/mo rent. Return on cash invested shows 31.12% in year one, and 5% annual appreciation builds toward $67,413 over five years. Five-year ROI reaches 162.73% and total cumulative return in cash records $131,626. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,220/mo property income covering a $1,194/mo payment rather than investor’s personal income.
Single Family
Built in 1888
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47957, Medaryville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 760 (100%) |
| Owner Occupied HU | 527 (69.3%) |
| Renter Occupied HU | 135 (17.8%) |
| Vacant Housing Units | 98 (12.9%) |
| Median Home Value | $134,647 |
| Average Home Value | $164,696 |
Housing Distribution
Address Breakdown
Residential
516
Single Family
516
Multi-Family
0
Businesses
24
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Listed by: Brittany McIlvain • Team King & Company
Mls Name: IRMLS
Mls ID: #202437662