304 N Burke StWolcottIN47995
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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 Wolcott at 304 N Burke St, Wolcott, IN, 47995 priced at $142,900 converts $1,330/mo rent into $419/mo cash flow after a $699/mo obligation. Total monthly income equals $1,330/mo, and annual cash flow totals $5,033/yr on $47,371 invested. Return on cash invested prints 30.53% in year one, and rental yield reads 11.17% against a $142,900 entry. Equity gained on principal adds $922/yr, while 5% annual appreciation compiles into $39,481 by year five. Five-year ROI reaches 160.14% and total cumulative return in cash sums $75,861. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,330/mo property income covering a $699/mo payment, not borrower’s personal income.
Single Family
Built in 1911
6,960 sqft lot
$N/A/sqft
No HOA
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Listed by: JoAnn McElfresh • Jenkins, REALTORS, INC.
Mls Name: NIRA
Mls Provider:
Mls ID: #822085
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