3296 N Main StNormanIN47264
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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 Norman at 3296 N Main St, Norman, IN, 47264 priced at $134,900 pairs $1,058/mo rent with $248/mo cash flow after a $660/mo payment. Total monthly income equals $1,058/mo, and annual cash flow comes to $2,982/yr on $44,719 invested. Return on cash invested is 26.58% in year one, and rental yield stands at 9.41% on a $134,900 basis. Equity gained on principal adds $870/yr, and 5% annual appreciation accumulates to $37,270 by year five. Five-year ROI measures 138.39% and total cumulative return in cash reaches $61,889. For financing, Ziffy Mortgage’s DSCR program evaluates $1,058/mo property income against a $660/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47264, Norman, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 670 (100%) |
| Owner Occupied HU | 528 (78.8%) |
| Renter Occupied HU | 73 (10.9%) |
| Vacant Housing Units | 69 (10.3%) |
| Median Home Value | $242,073 |
| Average Home Value | $265,459 |
Housing Distribution
Address Breakdown
Residential
593
Single Family
593
Multi-Family
0
Businesses
21
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Listed by: Matthew E Corey • Williams Carpenter Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202411737
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.