3146 W County Road 950 SReelsvilleIN46171
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Nearby investment properties with comparable prices
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 Reelsville at 3146 W County Road 950 S, Reelsville, IN, 46171 uses $89,472 cash to close to unlock $4,258/yr annual cash flow and $355/mo monthly cash flow. Total monthly income runs $1,975/mo, and a $1,321/mo payment keeps the spread at $355/mo. Purchase price stands at $269,900, and rental yield measures 8.78% with $1,975/mo rent. Return on cash invested shows 24.67% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 128.12% and total cumulative return in cash records $114,630. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,975/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Lot
Built in N/A
27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46171, Reelsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 863 (100%) |
| Owner Occupied HU | 710 (82.3%) |
| Renter Occupied HU | 81 ( 9.4%) |
| Vacant Housing Units | 72 ( 8.3%) |
| Median Home Value | $258,738 |
| Average Home Value | $302,792 |
Housing Distribution
Address Breakdown
Residential
776
Single Family
776
Multi-Family
0
Businesses
14
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Listed by: Christopher Turnbell • Geswein Farm & Land Realty
Mls Name: My State MLS
Mls ID: #11347037