355 Mesa DrRussiavilleIN46979
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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 Russiaville at 355 Mesa Dr, Russiaville, IN, 46979 offers $1,773/mo rent that, after a $1,189/mo payment, leaves $315/mo cash flow. Total monthly income is $1,773/mo, and annual cash flow is $3,777/yr on $80,521 cash. Return on cash invested measures 24.6% in year one, and rental yield stands at 8.76% at a $242,900 entry. Equity gained on principal adds $1,567/yr while 5% annual appreciation compounds into $67,109 by year five. Five-year ROI records 127.76% and total cumulative return in cash reaches $102,877. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,773/mo property income versus a $1,189/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46979, Russiaville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,924 (100%) |
| Owner Occupied HU | 1,623 (84.4%) |
| Renter Occupied HU | 190 ( 9.9%) |
| Vacant Housing Units | 111 ( 5.8%) |
| Median Home Value | $231,271 |
| Average Home Value | $270,051 |
Housing Distribution
Address Breakdown
Residential
1,860
Single Family
1,860
Multi-Family
0
Businesses
75
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Listed by: Michele L Burke • RE/MAX Realty One
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515239
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.