382 Oak StreetAustinIN47102
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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 Austin at 382 Oak Street, Austin, IN, 47102 uses $59,637 cash to close to unlock $2,635/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $1,300/mo, and a $881/mo payment keeps the spread at $220/mo. Purchase price stands at $179,900, and rental yield measures 8.67% with $1,300/mo rent. Return on cash invested shows 24.33% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 126.34% and total cumulative return in cash records $75,345. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,300/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1989
6,316 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47102, Austin, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,141 (100%) |
| Owner Occupied HU | 1,881 (59.9%) |
| Renter Occupied HU | 992 (31.6%) |
| Vacant Housing Units | 268 ( 8.5%) |
| Median Home Value | $160,398 |
| Average Home Value | $189,765 |
Housing Distribution
Address Breakdown
Residential
2,824
Single Family
2,824
Multi-Family
0
Businesses
121
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