305 S McKee StMacyIN46951
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 Macy at 305 S McKee St, Macy, IN, 46951 offers $1,346/mo rent that, after a $734/mo payment, leaves $446/mo cash flow. Total monthly income is $1,346/mo, and annual cash flow is $5,350/yr on $49,692 cash. Return on cash invested measures 30.68% in year one, and rental yield stands at 10.78% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 160.35% and total cumulative return in cash reaches $79,679. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,346/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46951, Macy, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,054 (100%) |
| Owner Occupied HU | 742 (70.4%) |
| Renter Occupied HU | 101 ( 9.6%) |
| Vacant Housing Units | 211 (20.0%) |
| Median Home Value | $232,673 |
| Average Home Value | $296,270 |
Housing Distribution
Address Breakdown
Residential
851
Single Family
851
Multi-Family
0
Businesses
22
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