304 E Jefferson StWestvilleIN46391
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 Westville at 304 E Jefferson St, Westville, IN, 46391 priced at $209,000 pairs $2,285/mo rent with $978/mo cash flow after a $1,023/mo payment. Total monthly income equals $2,285/mo, and annual cash flow comes to $11,739/yr on $69,284 invested. Return on cash invested is 36.85% in year one, and rental yield stands at 13.12% on a $209,000 basis. Equity gained on principal adds $1,349/yr, and 5% annual appreciation accumulates to $57,743 by year five. Five-year ROI measures 193.83% and total cumulative return in cash reaches $134,294. For financing, Ziffy Mortgage’s DSCR program evaluates $2,285/mo property income against a $1,023/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46391, Westville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,666 (100%) |
| Owner Occupied HU | 2,138 (80.2%) |
| Renter Occupied HU | 320 (12.0%) |
| Vacant Housing Units | 208 ( 7.8%) |
| Median Home Value | $282,919 |
| Average Home Value | $313,773 |
Housing Distribution
Address Breakdown
Residential
2,427
Single Family
2,197
Multi-Family
230
Businesses
109
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Listed by: Pete LaSalle • Listing Leaders
Mls Name: NIRA
Mls Provider:
Mls ID: #821958
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