349 3rd StPatriotIN47038
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 Patriot at 349 3rd St, Patriot, IN, 47038 with 5% annual appreciation on a $154,800 basis while $1,091/mo rent supports operations. Total monthly income totals $1,091/mo and a $758/mo payment preserves $161/mo for cash returns. Annual cash flow comes to $1,937/yr on $51,316 deployed, and return on cash invested reaches 23.68% in year one. Equity gained on principal adds $999/yr, and five-year appreciation sums $42,768 alongside rental yield of 8.46%. Five-year ROI measures 122.91% and total cumulative return in cash totals $63,073.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,091/mo property income versus a $758/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47038, Patriot, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 507 (100%) |
| Owner Occupied HU | 371 (73.2%) |
| Renter Occupied HU | 93 (18.3%) |
| Vacant Housing Units | 43 ( 8.5%) |
| Median Home Value | $181,591 |
| Average Home Value | $170,863 |
Housing Distribution
Address Breakdown
Residential
483
Single Family
483
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices