310 Sycamore StTroyIN47588
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Troy at 310 Sycamore St, Troy, IN, 47588 offers $1,526/mo rent that, after a $1,007/mo payment, leaves $291/mo cash flow. Total monthly income is $1,526/mo, and annual cash flow is $3,491/yr on $68,223 cash. Return on cash invested measures 25.03% in year one, and rental yield stands at 8.9% at a $205,800 entry. Equity gained on principal adds $1,328/yr while 5% annual appreciation compounds into $56,859 by year five. Five-year ROI records 130.03% and total cumulative return in cash reaches $88,709. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,526/mo property income versus a $1,007/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47588, Troy, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 190 (100%) |
| Owner Occupied HU | 139 (73.2%) |
| Renter Occupied HU | 21 (11.1%) |
| Vacant Housing Units | 30 (15.8%) |
| Median Home Value | $220,192 |
| Average Home Value | $233,957 |
Housing Distribution
Address Breakdown
Residential
110
Single Family
110
Multi-Family
0
Businesses
24
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