401 E 2nd StFairmountIN46928
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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 Fairmount at 401 E 2nd St, Fairmount, IN, 46928 earns $429/mo cash flow from $1,480/mo rent with a $857/mo payment. Total monthly income totals $1,480/mo, and annual cash flow totals $5,148/yr on $58,013 capital. ROI tracks 28.78% on current figures, and rental yield reads 10.15% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 150.27% and total cumulative return in cash sums $87,175. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,480/mo property income instead of your personal income.
Single Family
Built in 1959
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46928, Fairmount, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,077 (100%) |
| Owner Occupied HU | 1,510 (72.7%) |
| Renter Occupied HU | 394 (19.0%) |
| Vacant Housing Units | 173 ( 8.3%) |
| Median Home Value | $142,808 |
| Average Home Value | $185,599 |
Housing Distribution
Address Breakdown
Residential
1,998
Single Family
1,960
Multi-Family
38
Businesses
120
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