313 E 11th StBrookstonIN47923
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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 Brookston at 313 E 11th St, Brookston, IN, 47923 offers a 10.26% rental yield on a $225,000 purchase with $1,924/mo rent. Total monthly income registers $1,924/mo, and a $1,101/mo payment leaves $574/mo available for distribution. Annual cash flow reaches $6,883/yr on $74,588 to close, and return on cash invested stands at 29.14% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 152.1% and total cumulative return in cash at $113,445. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,924/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47923, Brookston, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,603 (100%) |
| Owner Occupied HU | 1,204 (75.1%) |
| Renter Occupied HU | 249 (15.5%) |
| Vacant Housing Units | 150 ( 9.4%) |
| Median Home Value | $215,726 |
| Average Home Value | $239,797 |
Housing Distribution
Address Breakdown
Residential
1,449
Single Family
1,449
Multi-Family
0
Businesses
72
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