380 E Arnotts DrRensselaerIN47978
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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 Rensselaer at 380 E Arnotts Dr, Rensselaer, IN, 47978 priced at $349,900 converts $2,852/mo rent into $751/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,852/mo, and annual cash flow totals $9,014/yr on $115,992 invested. Return on cash invested prints 27.68% in year one, and rental yield reads 9.78% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 144.31% and total cumulative return in cash sums $167,382. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,852/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47978, Rensselaer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,173 (67.4%) |
| Renter Occupied HU | 1,190 (25.3%) |
| Vacant Housing Units | 347 ( 7.4%) |
| Median Home Value | $207,764 |
| Average Home Value | $254,811 |
Housing Distribution
Address Breakdown
Residential
4,454
Single Family
4,324
Multi-Family
130
Businesses
430
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Listed by: Darian McAdow • Brick Built Real Estate
Mls Name: NIRA
Mls ID: #826796