342 E Briarwood LnEllettsvilleIN47429
Nearby investment properties with comparable rents
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
Investment property for sale in Ellettsville at 342 E Briarwood Ln, Ellettsville, IN, 47429 uses $82,842 cash to close to unlock $3,312/yr annual cash flow and $276/mo monthly cash flow. Total monthly income runs $1,776/mo, and a $1,223/mo payment keeps the spread at $276/mo. Purchase price stands at $249,900, and rental yield measures 8.53% with $1,776/mo rent. Return on cash invested shows 23.91% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 124.09% and total cumulative return in cash records $102,794. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,776/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1993
0.27 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Beatty • Century 21 Scheetz - Bloomington
Mls Name: IRMLS
Mls ID: #202549494