324 N 7th StCanneltonIN47520
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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 Cannelton at 324 N 7th St, Cannelton, IN, 47520 listed at $108,500 pairs $1,249/mo rent with a $531/mo payment to leave $594/mo cash flow. Total monthly income runs $1,249/mo, and annual cash flow reaches $7,124/yr on $35,968 cash to close. Return on cash invested measures 39.72% in year one, and rental yield registers 13.81% at a $108,500 basis. Equity gained on principal adds $700/yr, and annual property appreciation at 5% supports $29,977 by year five. Five-year ROI tracks 208.91% and total cumulative return in cash totals $75,141. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,249/mo property income relative to a $531/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47520, Cannelton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,558 (100%) |
| Owner Occupied HU | 934 (59.9%) |
| Renter Occupied HU | 387 (24.8%) |
| Vacant Housing Units | 237 (15.2%) |
| Median Home Value | $218,750 |
| Average Home Value | $251,004 |
Housing Distribution
Address Breakdown
Residential
1,481
Single Family
1,319
Multi-Family
162
Businesses
65
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Listed by: Rebecca M Demastus • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202425572
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.