306 N Main StMoroccoIN47963
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
Investment property for sale in Morocco at 306 N Main St, Morocco, IN, 47963 offers a 9.03% rental yield on a $119,900 purchase with $902/mo rent. Total monthly income registers $902/mo, and a $587/mo payment leaves $182/mo available for distribution. Annual cash flow reaches $2,185/yr on $39,747 to close, and return on cash invested stands at 25.41% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 132.21% and total cumulative return in cash at $52,548. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $902/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47963, Morocco, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 968 (100%) |
| Owner Occupied HU | 692 (71.5%) |
| Renter Occupied HU | 180 (18.6%) |
| Vacant Housing Units | 96 ( 9.9%) |
| Median Home Value | $201,818 |
| Average Home Value | $217,760 |
Housing Distribution
Address Breakdown
Residential
517
Single Family
517
Multi-Family
0
Businesses
69
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices