317 W Main StSandbornIN47578
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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 Sandborn at 317 W Main St, Sandborn, IN, 47578 offers a 9.44% rental yield on a $100,000 purchase with $787/mo rent. Total monthly income registers $787/mo, and a $489/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,246/yr on $33,150 to close, and return on cash invested stands at 26.68% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 139.09% and total cumulative return in cash at $46,108. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $787/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47578, Sandborn, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 320 (100%) |
| Owner Occupied HU | 222 (69.4%) |
| Renter Occupied HU | 45 (14.1%) |
| Vacant Housing Units | 53 (16.6%) |
| Median Home Value | $173,810 |
| Average Home Value | $174,133 |
Housing Distribution
Address Breakdown
Residential
194
Single Family
194
Multi-Family
0
Businesses
10
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Listed by: Delmar W Wagler • Integrity Realty Group LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515238
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.