395 W 400 SCutlerIN46920
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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 Cutler at 395 W 400 S, Cutler, IN, 46920 generates $1,392/mo in rent, after a $1,224/mo payment. Total monthly income is $1,392/mo. Return on cash invested sits at 18.33% in year one, and rental yield is 6.68% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 94.12% and total cumulative return in cash sums $77,998. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,392/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
18.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46920, Cutler, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 459 (100%) |
| Owner Occupied HU | 377 (82.1%) |
| Renter Occupied HU | 56 (12.2%) |
| Vacant Housing Units | 26 ( 5.7%) |
| Median Home Value | $233,491 |
| Average Home Value | $282,275 |
Housing Distribution
Address Breakdown
Residential
402
Single Family
402
Multi-Family
0
Businesses
1
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Listed by: Bret R Rinehart • Rinehart Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516236
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.