3351 E 1300 SRomneyIN47981
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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 Romney at 3351 E 1300 S, Romney, IN, 47981 generates $3,388/mo in rent and, after a $2,447/mo payment, leaves $387/mo in cash flow. Total monthly income is $3,388/mo, and annual cash flow is $4,643/yr on $165,717 invested. Return on cash invested sits at 22.71% in year one, and rental yield is 8.13% on a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 117.61% and total cumulative return in cash sums $194,904. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,388/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47981, Romney, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 313 (100%) |
| Owner Occupied HU | 266 (85.0%) |
| Renter Occupied HU | 36 (11.5%) |
| Vacant Housing Units | 11 ( 3.5%) |
| Median Home Value | $334,746 |
| Average Home Value | $347,556 |
Housing Distribution
Address Breakdown
Residential
276
Single Family
276
Multi-Family
0
Businesses
17
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Listed by: Lindsey Peabody • Lafayette Listing Realty LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524859
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.