401 Jersey StWestfieldIN46074
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
Investment property for sale in Westfield at 401 Jersey St, Westfield, IN, 46074 offers a 9.54% rental yield on a $591,700 purchase with $4,702/mo rent. Total monthly income registers $4,702/mo, and a $2,896/mo payment leaves $1,077/mo available for distribution. Annual cash flow reaches $12,921/yr on $194,669 to close, and return on cash invested stands at 26.7% in year one. Equity gained on principal adds $3,818/yr while 5% annual appreciation supports $163,476 over five years. Portfolio math shows five-year ROI at 139.13% and total cumulative return in cash at $270,850. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,702/mo property income against a $2,896/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2022
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46074, Westfield, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,825 (100%) |
| Owner Occupied HU | 16,826 (77.1%) |
| Renter Occupied HU | 3,538 (16.2%) |
| Vacant Housing Units | 1,461 ( 6.7%) |
| Median Home Value | $463,787 |
| Average Home Value | $528,199 |
Housing Distribution
Address Breakdown
Residential
20,309
Single Family
19,958
Multi-Family
351
Businesses
970
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices