322 S Water StChesterfieldIN46017
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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 Chesterfield at 322 S Water St, Chesterfield, IN, 46017 priced at $393,000 pairs $2,202/mo rent with after a $1,924/mo payment. Total monthly income equals $2,202/mo. Return on cash invested is 18.46% in year one, and rental yield stands at 6.72% on a $393,000 basis. Equity gained on principal adds $2,536/yr, and 5% annual appreciation accumulates to $108,579 by year five. Five-year ROI measures 94.83% and total cumulative return in cash reaches $123,542. For financing, Ziffy Mortgage’s DSCR program evaluates $2,202/mo property income against a $1,924/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
4.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46017, Anderson, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,637 (100%) |
| Owner Occupied HU | 1,930 (73.2%) |
| Renter Occupied HU | 529 (20.1%) |
| Vacant Housing Units | 178 ( 6.8%) |
| Median Home Value | $173,057 |
| Average Home Value | $199,692 |
Housing Distribution
Address Breakdown
Residential
2,705
Single Family
2,705
Multi-Family
0
Businesses
144
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Listed by: N/A • N/A
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