3803 E State Road 2Rolling PrairieIN46371
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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 Rolling Prairie at 3803 E State Road 2, Rolling Prairie, IN, 46371 uses $66,267 cash to close to unlock $4,613/yr annual cash flow and $384/mo monthly cash flow. Total monthly income runs $1,584/mo, and a $978/mo payment keeps the spread at $384/mo. Purchase price stands at $199,900, and rental yield measures 9.51% with $1,584/mo rent. Return on cash invested shows 26.87% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 139.96% and total cumulative return in cash records $92,749. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,584/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1876
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46371, Rolling Prairie, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,628 (100%) |
| Owner Occupied HU | 1,287 (79.1%) |
| Renter Occupied HU | 127 ( 7.8%) |
| Vacant Housing Units | 214 (13.1%) |
| Median Home Value | $291,705 |
| Average Home Value | $332,247 |
Housing Distribution
Address Breakdown
Residential
1,373
Single Family
1,373
Multi-Family
0
Businesses
73
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Listed by: Kristy Ruminski • Brokerworks Group
Mls Name: NIRA
Mls ID: #829985