399 S Cedar DrEllettsvilleIN47429
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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 Ellettsville at 399 S Cedar Dr, Ellettsville, IN, 47429 offers $1,660/mo rent that, after a $1,165/mo payment, leaves $220/mo cash flow. Total monthly income is $1,660/mo, and annual cash flow is $2,641/yr on $78,897 cash. Return on cash invested measures 23.26% in year one, and rental yield stands at 8.37% at a $238,000 entry. Equity gained on principal adds $1,536/yr while 5% annual appreciation compounds into $65,755 by year five. Five-year ROI records 120.66% and total cumulative return in cash reaches $95,194. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,660/mo property income versus a $1,165/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Housing Distribution
Address Breakdown
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
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Listed by: Brandi Bolin • Century 21 Scheetz - Bloomington
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512809
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.