338 N Bill StFrancesvilleIN47946
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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 Francesville at 338 N Bill St, Francesville, IN, 47946 priced at $224,900 pairs $959/mo rent with after a $1,101/mo payment. Total monthly income equals $959/mo. Return on cash invested is 13.61% in year one, and rental yield stands at 5.12% on a $224,900 basis. Equity gained on principal adds $1,451/yr, and 5% annual appreciation accumulates to $62,136 by year five. Five-year ROI measures 68.83% and total cumulative return in cash reaches $51,313. For financing, Ziffy Mortgage’s DSCR program evaluates $959/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47946, Francesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 826 (100%) |
| Owner Occupied HU | 602 (72.9%) |
| Renter Occupied HU | 151 (18.3%) |
| Vacant Housing Units | 73 ( 8.8%) |
| Median Home Value | $177,604 |
| Average Home Value | $237,417 |
Housing Distribution
Address Breakdown
Residential
542
Single Family
542
Multi-Family
0
Businesses
79
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Listed by: Wendy Kopka • Neihouser Realty & Auction, Inc
Mls Name: IRMLS
Mls ID: #202549139