321 N Broadway StButlerIN46721
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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 Butler at 321 N Broadway St, Butler, IN, 46721 earns $309/mo cash flow from $1,269/mo rent with a $783/mo payment. Total monthly income totals $1,269/mo, and annual cash flow totals $3,704/yr on $53,040 capital. ROI tracks 26.89% on current figures, and rental yield reads 9.52% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 140.05% and total cumulative return in cash sums $74,282. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,269/mo property income instead of your personal income.
Single Family
Built in 1913
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46721, Butler, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,020 (100%) |
| Owner Occupied HU | 1,438 (71.2%) |
| Renter Occupied HU | 465 (23.0%) |
| Vacant Housing Units | 117 ( 5.8%) |
| Median Home Value | $187,209 |
| Average Home Value | $231,507 |
Housing Distribution
Address Breakdown
Residential
1,931
Single Family
1,928
Multi-Family
3
Businesses
117
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