354 W 550 SBoone GroveIN46302
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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
Investment property for sale in Boone Grove at 354 W 550 S, Boone Grove, IN, 46302 listed at $224,900 pairs $2,072/mo rent with a $1,101/mo payment to leave $722/mo cash flow. Total monthly income runs $2,072/mo, and annual cash flow reaches $8,661/yr on $74,554 cash to close. Return on cash invested measures 31.53% in year one, and rental yield registers 11.06% at a $224,900 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,136 by year five. Five-year ROI tracks 164.92% and total cumulative return in cash totals $122,953. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,072/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46302, Boone Grove, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14 (100%) |
| Owner Occupied HU | 11 (78.6%) |
| Renter Occupied HU | 3 (21.4%) |
| Vacant Housing Units | 0 |
| Median Home Value | $330,000 |
| Average Home Value | $365,909 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
1
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Listed by: Melissa Osika • @properties/Christie's Intl RE
Mls Name: NIRA
Mls ID: #826446