3220 W Grapevine RdAshleyIN46705
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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 Ashley at 3220 W Grapevine Rd, Ashley, IN, 46705 earns $654/mo cash flow from $3,145/mo rent with a $2,031/mo payment. Total monthly income totals $3,145/mo, and annual cash flow totals $7,848/yr on $137,573 capital. ROI tracks 25.61% on current figures, and rental yield reads 9.09% at a $415,000 purchase. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 over five years. Five-year ROI reaches 133.22% and total cumulative return in cash sums $183,273. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,145/mo property income instead of your personal income.
Single Family
Built in 1947
3.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46705, Ashley, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 736 (100%) |
| Owner Occupied HU | 493 (67.0%) |
| Renter Occupied HU | 162 (22.0%) |
| Vacant Housing Units | 81 (11.0%) |
| Median Home Value | $182,083 |
| Average Home Value | $237,825 |
Housing Distribution
Address Breakdown
Residential
403
Single Family
361
Multi-Family
42
Businesses
69
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Listed by: Jeremy Bracey • RE/MAX Results
Mls Name: IRMLS
Mls Provider:
Mls ID: #202540174
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.