402 Hopkins LaneJeffersonvilleIN47130
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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
Rental property for sale in Jeffersonville at 402 Hopkins Lane, Jeffersonville, IN, 47130 priced at $179,000 converts $1,639/mo rent into $565/mo cash flow after a $876/mo obligation. Total monthly income equals $1,639/mo, and annual cash flow totals $6,775/yr on $59,339 invested. Return on cash invested prints 31.33% in year one, and rental yield reads 10.99% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 163.85% and total cumulative return in cash sums $97,227. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,639/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1980
8,851 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47130, Jeffersonville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,959 (100%) |
| Owner Occupied HU | 14,147 (59.0%) |
| Renter Occupied HU | 8,079 (33.7%) |
| Vacant Housing Units | 1,733 ( 7.2%) |
| Median Home Value | $238,881 |
| Average Home Value | $268,900 |
Housing Distribution
Address Breakdown
Residential
23,377
Single Family
20,941
Multi-Family
2,436
Businesses
1,498
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Listed by: Crystal Davis • Re/Max Premier Properties
Mls Name: SIRA
Mls Provider:
Mls ID: #202605127
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.