304 Jefferson StPine VillageIN47975
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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 Pine Village at 304 Jefferson St, Pine Village, IN, 47975 offers a 8.35% rental yield on a $234,900 purchase with $1,635/mo rent. Total monthly income registers $1,635/mo, and a $1,150/mo payment leaves $225/mo available for distribution. Annual cash flow reaches $2,696/yr on $77,869 to close, and return on cash invested stands at 23.37% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,899 over five years. Portfolio math shows five-year ROI at 121.17% and total cumulative return in cash at $94,353. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,635/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1927
8,712 sqft 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
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Listed by: Julie R Boyce • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513282
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.