40 W Blue Spruce DrSanta ClausIN47579
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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 Santa Claus at 40 W Blue Spruce Dr, Santa Claus, IN, 47579 with 5% annual appreciation on a $310,000 basis while $2,710/mo rent supports operations. Total monthly income totals $2,710/mo and a $1,517/mo payment preserves $849/mo for cash returns. Annual cash flow comes to $10,193/yr on $102,765 deployed, and return on cash invested reaches 29.83% in year one. Equity gained on principal adds $2,000/yr, and five-year appreciation sums $85,647 alongside rental yield of 10.49%. Five-year ROI measures 155.82% and total cumulative return in cash totals $160,123.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,710/mo property income versus a $1,517/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1991
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47579, Santa Claus, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,237 (100%) |
| Owner Occupied HU | 1,022 (82.6%) |
| Renter Occupied HU | 105 ( 8.5%) |
| Vacant Housing Units | 110 ( 8.9%) |
| Median Home Value | $257,373 |
| Average Home Value | $291,761 |
Housing Distribution
Address Breakdown
Residential
1,048
Single Family
1,048
Multi-Family
0
Businesses
86
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Listed by: Andrew Grass • Key Associates Signature Realty
Mls Name: IRMLS
Mls ID: #202602501