402 S Home AveRensselaerIN47978
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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 Rensselaer at 402 S Home Ave, Rensselaer, IN, 47978 earns $408/mo cash flow from $1,547/mo rent with a $929/mo payment. Total monthly income totals $1,547/mo, and annual cash flow totals $4,892/yr on $62,919 capital. ROI tracks 27.68% on current figures, and rental yield reads 9.78% at a $189,800 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,438 over five years. Five-year ROI reaches 144.3% and total cumulative return in cash sums $90,790. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,547/mo property income instead of your personal income.
Single Family
Built in 1957
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47978, Rensselaer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,173 (67.4%) |
| Renter Occupied HU | 1,190 (25.3%) |
| Vacant Housing Units | 347 ( 7.4%) |
| Median Home Value | $207,764 |
| Average Home Value | $254,811 |
Housing Distribution
Address Breakdown
Residential
4,454
Single Family
4,324
Multi-Family
130
Businesses
430
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Listed by: Terri L Phegley • Cornerstone Real Estate Agency
Mls Name: IRMLS
Mls ID: #202540206