3496 Lawrence Banet RoadFloyds KnobsIN47119
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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 Floyds Knobs at 3496 Lawrence Banet Road, Floyds Knobs, IN, 47119 generates $3,280/mo in rent and, after a $2,056/mo payment, leaves $759/mo in cash flow. Total monthly income is $3,280/mo, and annual cash flow is $9,102/yr on $139,230 invested. Return on cash invested sits at 26.45% in year one, and rental yield is 9.37% on a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 137.67% and total cumulative return in cash sums $191,683. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,280/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
1.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47119, Floyds Knobs, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,705 (100%) |
| Owner Occupied HU | 4,175 (88.7%) |
| Renter Occupied HU | 368 ( 7.8%) |
| Vacant Housing Units | 162 ( 3.4%) |
| Median Home Value | $402,736 |
| Average Home Value | $442,299 |
Housing Distribution
Address Breakdown
Residential
4,687
Single Family
4,687
Multi-Family
0
Businesses
308
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Listed by: Diana Mikel • Schuler Bauer Real Estate Services ERA Powered (N
Mls Name: SIRA
Mls ID: #202509925