400 S Main StIdavilleIN47950
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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 Idaville at 400 S Main St, Idaville, IN, 47950 with 5% annual appreciation on a $150,000 basis while $1,855/mo rent supports operations. Total monthly income totals $1,855/mo and a $734/mo payment preserves $955/mo for cash returns. Annual cash flow comes to $11,457/yr on $49,725 deployed, and return on cash invested reaches 42.95% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 14.84%. Five-year ROI measures 226.18% and total cumulative return in cash totals $112,470.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,855/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1913
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47950, Idaville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 344 (100%) |
| Owner Occupied HU | 243 (70.6%) |
| Renter Occupied HU | 59 (17.2%) |
| Vacant Housing Units | 42 (12.2%) |
| Median Home Value | $200,862 |
| Average Home Value | $229,763 |
Housing Distribution
Address Breakdown
Residential
281
Single Family
281
Multi-Family
0
Businesses
6
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Listed by: Courtney Cudworth • BerkshireHathaway HS IN Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437082
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.