360 County Line RdMorgantownIN46160
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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 Morgantown at 360 County Line Rd, Morgantown, IN, 46160 with 5% annual appreciation on a $298,900 basis while $930/mo rent supports operations. 44% in year one. Equity gained on principal adds $1,929/yr, and five-year appreciation sums $82,581 alongside rental yield of 3.73%. Five-year ROI measures 46.47% and total cumulative return in cash totals $46,047. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $930/mo property income versus a $1,463/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1991
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46160, Morgantown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,890 (100%) |
| Owner Occupied HU | 2,204 (76.3%) |
| Renter Occupied HU | 377 (13.0%) |
| Vacant Housing Units | 309 (10.7%) |
| Median Home Value | $254,857 |
| Average Home Value | $319,090 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,618
Multi-Family
0
Businesses
119
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Listed by: Beth Parris • Sweetwater Realty LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22052696