305 S Grove StOdonIN47562
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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 Odon at 305 S Grove St, Odon, IN, 47562 at $189,900 posts ROI 21.71% with $95/mo cash flow from $1,234/mo rent. Total monthly income equals $1,234/mo, and annual cash flow records $1,134/yr on $62,952 to close. Return on cash invested measures 21.71% and rental yield reads 7.8% at the current $189,900. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 by year five. Five-year ROI prints 112.28% and total cumulative return in cash totals $70,685.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,234/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47562, Odon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,799 (100%) |
| Owner Occupied HU | 1,335 (74.2%) |
| Renter Occupied HU | 354 (19.7%) |
| Vacant Housing Units | 110 ( 6.1%) |
| Median Home Value | $238,010 |
| Average Home Value | $260,268 |
Housing Distribution
Address Breakdown
Residential
1,785
Single Family
1,673
Multi-Family
112
Businesses
133
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