326 S Home AveRensselaerIN47978
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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 Rensselaer at 326 S Home Ave, Rensselaer, IN, 47978 uses $82,842 cash to close to unlock $3,384/yr annual cash flow and $282/mo monthly cash flow. Total monthly income runs $1,782/mo, and a $1,223/mo payment keeps the spread at $282/mo. Purchase price stands at $249,900, and rental yield measures 8.56% with $1,782/mo rent. Return on cash invested shows 23.99% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 124.56% and total cumulative return in cash records $103,190. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,782/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47978, Rensselaer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,173 (67.4%) |
| Renter Occupied HU | 1,190 (25.3%) |
| Vacant Housing Units | 347 ( 7.4%) |
| Median Home Value | $207,764 |
| Average Home Value | $254,811 |
Housing Distribution
Address Breakdown
Residential
4,454
Single Family
4,324
Multi-Family
130
Businesses
430
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Listed by: Nicole Mathew • RE/MAX Executives
Mls Name: NIRA
Mls ID: #833015