306 E Main StRedkeyIN47373
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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 Redkey at 306 E Main St, Redkey, IN, 47373 priced at $111,200 pairs $1,072/mo rent with $405/mo cash flow after a $544/mo payment. Total monthly income equals $1,072/mo, and annual cash flow comes to $4,857/yr on $36,863 invested. Return on cash invested is 33.09% in year one, and rental yield stands at 11.57% on a $111,200 basis. Equity gained on principal adds $718/yr, and 5% annual appreciation accumulates to $30,723 by year five. Five-year ROI measures 173.29% and total cumulative return in cash reaches $63,880. For financing, Ziffy Mortgage’s DSCR program evaluates $1,072/mo property income against a $544/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1916
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47373, Redkey, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 973 (100%) |
| Owner Occupied HU | 665 (68.3%) |
| Renter Occupied HU | 186 (19.1%) |
| Vacant Housing Units | 122 (12.5%) |
| Median Home Value | $162,750 |
| Average Home Value | $215,075 |
Housing Distribution
Address Breakdown
Residential
603
Single Family
603
Multi-Family
0
Businesses
42
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