312 N Main StChurubuscoIN46723
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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
Investment property for sale in Churubusco at 312 N Main St, Churubusco, IN, 46723 with 5% annual appreciation on a $176,000 basis while $3,022/mo rent supports operations. Total monthly income totals $3,022/mo and a $861/mo payment preserves $1,930/mo for cash returns. Annual cash flow comes to $23,158/yr on $58,344 deployed, and return on cash invested reaches 59.6% in year one. Equity gained on principal adds $1,136/yr, and five-year appreciation sums $48,626 alongside rental yield of 20.6%. Five-year ROI measures 315.73% and total cumulative return in cash totals $184,209.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,022/mo property income versus a $861/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1949
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46723, Churubusco, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,135 (100%) |
| Owner Occupied HU | 2,548 (81.3%) |
| Renter Occupied HU | 439 (14.0%) |
| Vacant Housing Units | 148 ( 4.7%) |
| Median Home Value | $232,273 |
| Average Home Value | $280,319 |
Housing Distribution
Address Breakdown
Residential
3,063
Single Family
3,063
Multi-Family
0
Businesses
156
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Listed by: April L West • Scheerer McCulloch Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202430212
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.