310 S Broadway StPennvilleIN47369
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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 Pennville at 310 S Broadway St, Pennville, IN, 47369 offers $1,255/mo rent that, after a $901/mo payment, leaves $150/mo cash flow. Total monthly income is $1,255/mo, and annual cash flow is $1,801/yr on $60,996 cash. Return on cash invested measures 22.86% in year one, and rental yield stands at 8.18% at a $184,000 entry. Equity gained on principal adds $1,187/yr while 5% annual appreciation compounds into $50,836 by year five. Five-year ROI records 118.49% and total cumulative return in cash reaches $72,277. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,255/mo property income versus a $901/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2005
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47369, Pennville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 557 (100%) |
| Owner Occupied HU | 393 (70.6%) |
| Renter Occupied HU | 92 (16.5%) |
| Vacant Housing Units | 72 (12.9%) |
| Median Home Value | $215,698 |
| Average Home Value | $336,546 |
Housing Distribution
Address Breakdown
Residential
330
Single Family
330
Multi-Family
0
Businesses
34
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Listed by: Laci Smitley • Smitley's Real Estate & Auctioneering
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436685
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.