306 S 2nd StConverseIN46919
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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 Converse at 306 S 2nd St, Converse, IN, 46919 uses $51,714 cash to close to unlock $5,797/yr annual cash flow and $483/mo monthly cash flow. Total monthly income runs $1,420/mo, and a $764/mo payment keeps the spread at $483/mo. Purchase price stands at $156,000, and rental yield measures 10.92% with $1,420/mo rent. Return on cash invested shows 31.12% in year one, and 5% annual appreciation builds toward $43,100 over five years. Five-year ROI reaches 162.79% and total cumulative return in cash records $84,186. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,420/mo property income covering a $764/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46919, Converse, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 676 (70.3%) |
| Renter Occupied HU | 185 (19.3%) |
| Vacant Housing Units | 100 (10.4%) |
| Median Home Value | $196,330 |
| Average Home Value | $273,295 |
Housing Distribution
Address Breakdown
Residential
577
Single Family
531
Multi-Family
46
Businesses
42
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Listed by: Joe Schroder • RE/MAX Realty One
Mls Name: IRMLS
Mls Provider:
Mls ID: #202538495
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.