317 Washington StClay CityIN47841
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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 Clay City at 317 Washington St, Clay City, IN, 47841 offers $0/mo rent that, after a $1,157/mo payment. Total monthly income is $0/mo. Return on cash invested measures -1.82% in year one, and rental yield stands at 0% at a $236,400 entry. Equity gained on principal adds $1,525/yr while 5% annual appreciation compounds into $65,313 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $1,157/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1913
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47841, Clay City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 994 (100%) |
| Owner Occupied HU | 681 (68.5%) |
| Renter Occupied HU | 204 (20.5%) |
| Vacant Housing Units | 109 (11.0%) |
| Median Home Value | $126,894 |
| Average Home Value | $147,559 |
Housing Distribution
Address Breakdown
Residential
951
Single Family
951
Multi-Family
0
Businesses
70
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices