403 S Vine StFountain CityIN47341
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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 Fountain City at 403 S Vine St, Fountain City, IN, 47341 offers a 9.09% rental yield on a $134,995 purchase with $1,023/mo rent. Total monthly income registers $1,023/mo, and a $661/mo payment leaves $212/mo available for distribution. Annual cash flow reaches $2,549/yr on $44,751 to close, and return on cash invested stands at 25.6% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,297 over five years. Portfolio math shows five-year ROI at 133.22% and total cumulative return in cash at $59,615. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,023/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
9,016 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47341, Fountain City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 842 (100%) |
| Owner Occupied HU | 629 (74.7%) |
| Renter Occupied HU | 141 (16.7%) |
| Vacant Housing Units | 72 ( 8.6%) |
| Median Home Value | $223,311 |
| Average Home Value | $258,442 |
Housing Distribution
Address Breakdown
Residential
663
Single Family
650
Multi-Family
13
Businesses
33
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Listed by: Steve Koleno • BEYCOME OF FLORIDA LLC
Mls Name: NY State MLS
Mls ID: #11634579