312 W 3rd StWest LebanonIN47991
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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 West Lebanon at 312 W 3rd St, West Lebanon, IN, 47991 generates $1,488/mo in rent and, after a $905/mo payment, leaves $378/mo in cash flow. Total monthly income is $1,488/mo, and annual cash flow is $4,536/yr on $61,328 invested. Return on cash invested sits at 27.3% in year one, and rental yield is 9.65% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 142.26% and total cumulative return in cash sums $87,243. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,488/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47991, West Lebanon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 424 (100%) |
| Owner Occupied HU | 302 (71.2%) |
| Renter Occupied HU | 83 (19.6%) |
| Vacant Housing Units | 39 ( 9.2%) |
| Median Home Value | $167,143 |
| Average Home Value | $204,743 |
Housing Distribution
Address Breakdown
Residential
330
Single Family
330
Multi-Family
0
Businesses
28
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Listed by: Greg Clingan • GregClingan Auction&RealEstate
Mls Name: IRMLS
Mls ID: #202529237