322 E Harrison StreetOakland CityIN47660
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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 Oakland City at 322 E Harrison Street, Oakland City, IN, 47660 uses $62,654 cash to close to unlock $4,110/yr annual cash flow and $343/mo monthly cash flow. Total monthly income runs $1,477/mo, and a $925/mo payment keeps the spread at $343/mo. Purchase price stands at $189,000, and rental yield measures 9.38% with $1,477/mo rent. Return on cash invested shows 26.47% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 137.82% and total cumulative return in cash records $86,350. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,477/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1960
7,379 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47660, Oakland City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,172 (100%) |
| Owner Occupied HU | 1,430 (65.8%) |
| Renter Occupied HU | 462 (21.3%) |
| Vacant Housing Units | 280 (12.9%) |
| Median Home Value | $165,767 |
| Average Home Value | $187,538 |
Housing Distribution
Address Breakdown
Residential
1,980
Single Family
1,980
Multi-Family
0
Businesses
136
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Listed by: Cynthia Winslow • The Day Company REALTORS
Mls Name: SIRA
Mls ID: #2025012633