3744 W Delap RdEllettsvilleIN47429
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
Investment property for sale in Ellettsville at 3744 W Delap Rd, Ellettsville, IN, 47429 listed at $124,000 pairs $1,112/mo rent with a $607/mo payment to leave $368/mo cash flow. Total monthly income runs $1,112/mo, and annual cash flow reaches $4,411/yr on $41,106 cash to close. Return on cash invested measures 30.64% in year one, and rental yield registers 10.76% at a $124,000 basis. Equity gained on principal adds $800/yr, and annual property appreciation at 5% supports $34,259 by year five. Five-year ROI tracks 160.19% and total cumulative return in cash totals $65,847. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,112/mo property income relative to a $607/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1973
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Housing Distribution
Address Breakdown
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Theresa Sicinski • RE/MAX Acclaimed Properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516671
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.