402 North StLewisvilleIN47352
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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 Lewisville at 402 North St, Lewisville, IN, 47352 generates $2,222/mo in rent and, after a $1,299/mo payment, leaves $629/mo in cash flow. Total monthly income is $2,222/mo, and annual cash flow is $7,545/yr on $88,013 invested. Return on cash invested sits at 28.48% in year one, and rental yield is 10.04% on a $265,500 entry. Equity gained on principal adds $1,713/yr, while 5% annual appreciation builds toward $73,353 over five years. Five-year ROI reaches 148.58% and total cumulative return in cash sums $130,768. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,222/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47352, Lewisville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 373 (100%) |
| Owner Occupied HU | 265 (71.0%) |
| Renter Occupied HU | 63 (16.9%) |
| Vacant Housing Units | 45 (12.1%) |
| Median Home Value | $210,556 |
| Average Home Value | $236,604 |
Housing Distribution
Address Breakdown
Residential
271
Single Family
271
Multi-Family
0
Businesses
16
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Listed by: Brian Waters • Mentor Listing Realty, Inc.
Mls Name: IRMLS
Mls ID: #202537135