340 W Iroquois DrEllettsvilleIN47429
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Nearby investment properties with comparable prices
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 Ellettsville at 340 W Iroquois Dr, Ellettsville, IN, 47429 priced at $239,900 pairs $1,598/mo rent with $158/mo cash flow after a $1,174/mo payment. Total monthly income equals $1,598/mo, and annual cash flow comes to $1,897/yr on $79,527 invested. Return on cash invested is 22.29% in year one, and rental yield stands at 7.99% on a $239,900 basis. Equity gained on principal adds $1,548/yr, and 5% annual appreciation accumulates to $66,280 by year five. Five-year ROI measures 115.46% and total cumulative return in cash reaches $91,819. For financing, Ziffy Mortgage’s DSCR program evaluates $1,598/mo property income against a $1,174/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1992
10,280 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Housing Distribution
Address Breakdown
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
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Listed by: Scott Newland • Brawley Real Estate
Mls Name: IRMLS
Mls ID: #202545351