308 S Morton AveCentervilleIN47330
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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 Centerville at 308 S Morton Ave, Centerville, IN, 47330 earns $476/mo cash flow from $1,517/mo rent with a $849/mo payment. Total monthly income totals $1,517/mo, and annual cash flow totals $5,710/yr on $57,482 capital. ROI tracks 29.84% on current figures, and rental yield reads 10.5% at a $173,400 purchase. Equity gained on principal adds $1,119/yr, and 5% annual appreciation supports $47,907 over five years. Five-year ROI reaches 155.88% and total cumulative return in cash sums $89,601. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,517/mo property income instead of your personal income.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47330, Centerville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,348 (100%) |
| Owner Occupied HU | 1,704 (72.6%) |
| Renter Occupied HU | 443 (18.9%) |
| Vacant Housing Units | 201 ( 8.6%) |
| Median Home Value | $202,537 |
| Average Home Value | $240,484 |
Housing Distribution
Address Breakdown
Residential
2,334
Single Family
2,334
Multi-Family
0
Businesses
143
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Listed by: Elizabeth Henley • Coldwell Banker Lingle
Mls Name: RLMS
Mls ID: #10052353