325 W Butcher StGenevaIN46740
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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 Geneva at 325 W Butcher St, Geneva, IN, 46740 priced at $170,000 converts $1,877/mo rent into $857/mo cash flow after a $832/mo obligation. Total monthly income equals $1,877/mo, and annual cash flow totals $10,279/yr on $56,355 invested. Return on cash invested prints 38.15% in year one, and rental yield reads 13.25% against a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 200.45% and total cumulative return in cash sums $112,965. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,877/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 46740, Geneva, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,394 (100%) |
| Owner Occupied HU | 1,041 (74.7%) |
| Renter Occupied HU | 252 (18.1%) |
| Vacant Housing Units | 101 ( 7.2%) |
| Median Home Value | $231,954 |
| Average Home Value | $290,639 |
Housing Distribution
Address Breakdown
Residential
1,120
Single Family
1,080
Multi-Family
40
Businesses
56
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-26 | Sold | $170,000 |
| 2025-02-22 | Pending sale | $169,000 |
| 2025-02-02 | Price change | $169,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $701.00 | -49.18% | $36,700 | 4.86% |
| 2023-11-01 | $1379.32 | 117.90% | $35,000 | 2.64% |
| 2022-11-01 | $633.00 | 2.93% | $34,100 | 7.91% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1920
- Architectural Style: Traditional
- Building Area: 1,452
- Living Area: 1,452 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Forced Air
- Cooling: Central Air, Ceiling Fan(s)
- Flooring: Carpet, Vinyl
- Interior Features: Laminate Counters, Eat-in Kitchen, Entrance Foyer, Tub/Shower Combination
- Exterior Features: N/A
- Parking Features: N/A
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: City
- Water Source: City
- Road Surface Type: N/A
School Information
- Elementary School: South Adams
- Middle School: South Adams
- High School: South Adams
Listed by: Sheryl Inskeep • Harner Realty LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202434067
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.