403 Railroad StElizabethtownIN47232
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
Rental property for sale in Elizabethtown at 403 Railroad St, Elizabethtown, IN, 47232 priced at $179,900 pairs $1,469/mo rent with $389/mo cash flow after a $881/mo payment. Total monthly income equals $1,469/mo, and annual cash flow comes to $4,663/yr on $59,637 invested. Return on cash invested is 27.73% in year one, and rental yield stands at 9.8% on a $179,900 basis. Equity gained on principal adds $1,161/yr, and 5% annual appreciation accumulates to $49,703 by year five. Five-year ROI measures 144.57% and total cumulative return in cash reaches $86,217. For financing, Ziffy Mortgage’s DSCR program evaluates $1,469/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2015
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47232, Elizabethtown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,026 (100%) |
| Owner Occupied HU | 872 (85.0%) |
| Renter Occupied HU | 97 ( 9.5%) |
| Vacant Housing Units | 57 ( 5.6%) |
| Median Home Value | $262,245 |
| Average Home Value | $280,249 |
Housing Distribution
Address Breakdown
Residential
847
Single Family
847
Multi-Family
0
Businesses
22
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Listed by: Chase Simpson • Carpenter, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22052191