310 W State StMoroccoIN47963
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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 Morocco at 310 W State St, Morocco, IN, 47963 offers $810/mo rent that, after a $504/mo payment, leaves $192/mo cash flow. Total monthly income is $810/mo, and annual cash flow is $2,302/yr on $34,145 cash. Return on cash invested measures 26.65% in year one, and rental yield stands at 9.44% at a $103,000 entry. Equity gained on principal adds $665/yr while 5% annual appreciation compounds into $28,457 by year five. Five-year ROI records 138.75% and total cumulative return in cash reaches $47,374. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $810/mo property income versus a $504/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47963, Morocco, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 968 (100%) |
| Owner Occupied HU | 692 (71.5%) |
| Renter Occupied HU | 180 (18.6%) |
| Vacant Housing Units | 96 ( 9.9%) |
| Median Home Value | $201,818 |
| Average Home Value | $217,760 |
Housing Distribution
Address Breakdown
Residential
517
Single Family
517
Multi-Family
0
Businesses
69
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