399 S Woodlawn StParker CityIN47368
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Parker City at 399 S Woodlawn St, Parker City, IN, 47368 offers $1,720/mo rent that, after a $1,346/mo payment, leaves $69/mo cash flow. Total monthly income is $1,720/mo, and annual cash flow is $831/yr on $91,163 cash. Return on cash invested measures 20.82% in year one, and rental yield stands at 7.51% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 107.53% and total cumulative return in cash reaches $98,027. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,720/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47368, Parker City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,166 (100%) |
| Owner Occupied HU | 853 (73.2%) |
| Renter Occupied HU | 203 (17.4%) |
| Vacant Housing Units | 110 ( 9.4%) |
| Median Home Value | $157,992 |
| Average Home Value | $187,752 |
Housing Distribution
Address Breakdown
Residential
893
Single Family
893
Multi-Family
0
Businesses
48
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Listed by: Steve Slavin • Coldwell Banker Real Estate Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22052581