305 Spencer StSaint JoeIN46785
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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 Saint Joe at 305 Spencer St, Saint Joe, IN, 46785 offers $1,164/mo rent that, after a $758/mo payment, leaves $234/mo cash flow. Total monthly income is $1,164/mo, and annual cash flow is $2,812/yr on $51,349 cash. Return on cash invested measures 25.38% in year one, and rental yield stands at 9.02% at a $154,900 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,796 by year five. Five-year ROI records 132.05% and total cumulative return in cash reaches $67,808. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,164/mo property income versus a $758/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
6,403 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46785, Saint Joe, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 542 (100%) |
| Owner Occupied HU | 421 (77.7%) |
| Renter Occupied HU | 73 (13.5%) |
| Vacant Housing Units | 48 ( 8.9%) |
| Median Home Value | $240,116 |
| Average Home Value | $274,994 |
Housing Distribution
Address Breakdown
Residential
524
Single Family
524
Multi-Family
0
Businesses
26
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Listed by: Christina Koher • RE/MAX Results - Angola office
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509563
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.