31 E Gateway DrTerre HauteIN47802
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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
Rental property for sale in Terre Haute at 31 E Gateway Dr, Terre Haute, IN, 47802 priced at $425,000 converts $2,772/mo rent into $221/mo cash flow after a $2,080/mo obligation. Total monthly income equals $2,772/mo, and annual cash flow totals $2,652/yr on $140,888 invested. Return on cash invested prints 21.79% in year one, and rental yield reads 7.83% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 112.67% and total cumulative return in cash sums $158,741. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,772/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47802, Terre Haute, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,234 (100%) |
| Owner Occupied HU | 8,249 (54.1%) |
| Renter Occupied HU | 5,649 (37.1%) |
| Vacant Housing Units | 1,336 ( 8.8%) |
| Median Home Value | $191,284 |
| Average Home Value | $256,820 |
Housing Distribution
Address Breakdown
Residential
14,491
Single Family
13,433
Multi-Family
1,058
Businesses
1,155
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Listed by: PEG FINZEL • CENTURY 21 ELITE
Mls Name: THAAR
Mls ID: #107546