400 N Smith LnParagonIN46166
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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 Paragon at 400 N Smith Ln, Paragon, IN, 46166 uses $74,753 cash to close to unlock $5,209/yr annual cash flow and $434/mo monthly cash flow. Total monthly income runs $1,788/mo, and a $1,104/mo payment keeps the spread at $434/mo. Purchase price stands at $225,500, and rental yield measures 9.51% with $1,788/mo rent. Return on cash invested shows 26.88% in year one, and 5% annual appreciation builds toward $62,301 over five years. Five-year ROI reaches 140.03% and total cumulative return in cash records $104,674. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,788/mo property income covering a $1,104/mo payment rather than investor’s personal income.
Single Family
Built in 1923
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46166, Paragon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 976 (100%) |
| Owner Occupied HU | 751 (76.9%) |
| Renter Occupied HU | 158 (16.2%) |
| Vacant Housing Units | 67 ( 6.9%) |
| Median Home Value | $222,679 |
| Average Home Value | $236,441 |
Housing Distribution
Address Breakdown
Residential
703
Single Family
703
Multi-Family
0
Businesses
35
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Listed by: Michelle Chandler • Keller Williams - Indy Metro South LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202428325
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.