307 E Clinton StAuburnIN46706
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 Auburn at 307 E Clinton St, Auburn, IN, 46706 uses $53,007 cash to close to unlock $3,405/yr annual cash flow and $284/mo monthly cash flow. Total monthly income runs $1,244/mo, and a $783/mo payment keeps the spread at $284/mo. Purchase price stands at $159,900, and rental yield measures 9.34% with $1,244/mo rent. Return on cash invested shows 26.33% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 137.09% and total cumulative return in cash records $72,666. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,244/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46706, Auburn, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,864 (100%) |
| Owner Occupied HU | 6,655 (75.1%) |
| Renter Occupied HU | 1,687 (19.0%) |
| Vacant Housing Units | 522 ( 5.9%) |
| Median Home Value | $227,490 |
| Average Home Value | $279,454 |
Housing Distribution
Address Breakdown
Residential
8,621
Single Family
8,480
Multi-Family
141
Businesses
818
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices