321 Virginia StFortvilleIN46040
Nearby investment properties with comparable rents
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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 Fortville at 321 Virginia St, Fortville, IN, 46040 at $309,900 posts ROI 24.65% with $406/mo cash flow from $2,266/mo rent. Total monthly income equals $2,266/mo, and annual cash flow records $4,866/yr on $102,732 to close. Return on cash invested measures 24.65% and rental yield reads 8.77% at the current $309,900. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,620 by year five. Five-year ROI prints 128% and total cumulative return in cash totals $131,496.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,266/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1996
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46040, Fortville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,759 (100%) |
| Owner Occupied HU | 5,701 (84.3%) |
| Renter Occupied HU | 808 (12.0%) |
| Vacant Housing Units | 250 ( 3.7%) |
| Median Home Value | $441,068 |
| Average Home Value | $493,644 |
Housing Distribution
Address Breakdown
Residential
6,553
Single Family
6,502
Multi-Family
51
Businesses
264
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Nearby investment properties with comparable prices
Listed by: Kenneth George • Cardinal Realty and Associates
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22040214
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-29 07:37:57 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)