310 S Main StIdavilleIN47950
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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 Idaville at 310 S Main St, Idaville, IN, 47950 offers $2,029/mo rent that, after a $921/mo payment, leaves $899/mo cash flow. Total monthly income is $2,029/mo, and annual cash flow is $10,793/yr on $62,388 cash. Return on cash invested measures 37.21% in year one, and rental yield stands at 12.94% at a $188,200 entry. Equity gained on principal adds $1,214/yr while 5% annual appreciation compounds into $51,996 by year five. Five-year ROI records 195.42% and total cumulative return in cash reaches $121,919. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,029/mo property income versus a $921/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1895
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47950, Idaville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 344 (100%) |
| Owner Occupied HU | 243 (70.6%) |
| Renter Occupied HU | 59 (17.2%) |
| Vacant Housing Units | 42 (12.2%) |
| Median Home Value | $200,862 |
| Average Home Value | $229,763 |
Housing Distribution
Address Breakdown
Residential
281
Single Family
281
Multi-Family
0
Businesses
6
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