308 S Glick StMulberryIN46058
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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 Mulberry at 308 S Glick St, Mulberry, IN, 46058 at $125,000 posts ROI 38.58% with $645/mo cash flow from $1,491/mo rent. Total monthly income equals $1,491/mo, and annual cash flow records $7,738/yr on $41,438 to close. Return on cash invested measures 38.58% and rental yield reads 14.31% at the current $125,000. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 by year five. Five-year ROI prints 203.74% and total cumulative return in cash totals $84,425.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,491/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1880
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46058, Mulberry, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 900 (100%) |
| Owner Occupied HU | 669 (74.3%) |
| Renter Occupied HU | 139 (15.4%) |
| Vacant Housing Units | 92 (10.2%) |
| Median Home Value | $241,164 |
| Average Home Value | $344,062 |
Housing Distribution
Address Breakdown
Residential
517
Single Family
489
Multi-Family
28
Businesses
34
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Listed by: Tamara Sandefur • F.C. Tucker/Shook
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518261
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.