318 Louise AveCrawfordsvilleIN47933
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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 Crawfordsville at 318 Louise Ave, Crawfordsville, IN, 47933 priced at $115,000 converts $1,139/mo rent into $449/mo cash flow after a $563/mo obligation. Total monthly income equals $1,139/mo, and annual cash flow totals $5,382/yr on $38,123 invested. Return on cash invested prints 34.03% in year one, and rental yield reads 11.89% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 178.38% and total cumulative return in cash sums $68,001. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,139/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1954
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47933, Crawfordsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,504 (100%) |
| Owner Occupied HU | 8,390 (67.1%) |
| Renter Occupied HU | 3,256 (26.0%) |
| Vacant Housing Units | 858 ( 6.9%) |
| Median Home Value | $205,895 |
| Average Home Value | $235,208 |
Housing Distribution
Address Breakdown
Residential
11,876
Single Family
11,241
Multi-Family
635
Businesses
1,018
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Listed by: Erica Duncan • Carpenter, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22074145