3580 E Market StPetroleumIN46778
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
Rental property for sale in Petroleum at 3580 E Market St, Petroleum, IN, 46778 offers $1,296/mo rent that, after a $729/mo payment, leaves $402/mo cash flow. Total monthly income is $1,296/mo, and annual cash flow is $4,824/yr on $49,360 cash. Return on cash invested measures 29.68% in year one, and rental yield stands at 10.44% at a $148,900 entry. Equity gained on principal adds $961/yr while 5% annual appreciation compounds into $41,138 by year five. Five-year ROI records 154.98% and total cumulative return in cash reaches $76,497. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,296/mo property income versus a $729/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46778, Petroleum, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40 (100%) |
| Owner Occupied HU | 37 (92.5%) |
| Renter Occupied HU | 3 ( 7.5%) |
| Vacant Housing Units | 0 |
| Median Home Value | $217,857 |
| Average Home Value | $255,405 |
Housing Distribution
Address Breakdown
Residential
48
Single Family
48
Multi-Family
0
Businesses
2
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Listed by: Nicholas Huffman • Steffen Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507652
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.