307 N State StCulverIN46511
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
Rental property for sale in Culver at 307 N State St, Culver, IN, 46511 priced at $875,000 converts $2,442/mo rent into after a $4,283/mo obligation. Total monthly income equals $2,442/mo. Return on cash invested prints 8.34% in year one, and rental yield reads 3.35% against a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation compiles into $241,746 by year five. Five-year ROI reaches 40.55% and total cumulative return in cash sums $116,723. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,442/mo property income covering a $4,283/mo payment, not borrower’s personal income.
Single Family
Built in 1921
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46511, Culver, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,586 (100%) |
| Owner Occupied HU | 1,377 (53.2%) |
| Renter Occupied HU | 351 (13.6%) |
| Vacant Housing Units | 858 (33.2%) |
| Median Home Value | $281,641 |
| Average Home Value | $400,922 |
Housing Distribution
Address Breakdown
Residential
2,267
Single Family
2,185
Multi-Family
82
Businesses
144
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices