313 N Quinn StBainbridgeIN46105
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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 Bainbridge at 313 N Quinn St, Bainbridge, IN, 46105 offers a 9.48% rental yield on a $199,900 purchase with $1,580/mo rent. Total monthly income registers $1,580/mo, and a $978/mo payment leaves $380/mo available for distribution. Annual cash flow reaches $4,565/yr on $66,267 to close, and return on cash invested stands at 26.8% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 139.58% and total cumulative return in cash at $92,497. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,580/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46105, Bainbridge, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 824 (100%) |
| Owner Occupied HU | 656 (79.6%) |
| Renter Occupied HU | 99 (12.0%) |
| Vacant Housing Units | 69 ( 8.4%) |
| Median Home Value | $229,425 |
| Average Home Value | $292,828 |
Housing Distribution
Address Breakdown
Residential
604
Single Family
604
Multi-Family
0
Businesses
56
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Listed by: Amber Greene • Greene Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22052039