3935 N 950 EGrovertownIN46531
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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 Grovertown at 3935 N 950 E, Grovertown, IN, 46531 listed at $569,000 pairs $2,238/mo rent with a $2,785/mo payment. Total monthly income runs $2,238/mo. Return on cash invested measures 12.51% in year one, and rental yield registers 4.72% at a $569,000 basis. Equity gained on principal adds $3,672/yr, and annual property appreciation at 5% supports $157,204 by year five. Five-year ROI tracks 62.9% and total cumulative return in cash totals $117,743. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,238/mo property income relative to a $2,785/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46531, Grovertown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 660 (100%) |
| Owner Occupied HU | 523 (79.2%) |
| Renter Occupied HU | 74 (11.2%) |
| Vacant Housing Units | 63 ( 9.5%) |
| Median Home Value | $207,341 |
| Average Home Value | $232,323 |
Housing Distribution
Address Breakdown
Residential
581
Single Family
581
Multi-Family
0
Businesses
15
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Listed by: Karen Maynard • McColly Real Estate
Mls Name: NIRA
Mls ID: #829588