404 E Main StVan BurenIN46991
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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 Van Buren at 404 E Main St, Van Buren, IN, 46991 priced at $101,700 converts $1,432/mo rent into $735/mo cash flow after a $498/mo obligation. Total monthly income equals $1,432/mo, and annual cash flow totals $8,820/yr on $33,714 invested. Return on cash invested prints 46.07% in year one, and rental yield reads 16.9% against a $101,700 entry. Equity gained on principal adds $656/yr, while 5% annual appreciation compiles into $28,098 by year five. Five-year ROI reaches 243.99% and total cumulative return in cash sums $82,258. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,432/mo property income covering a $498/mo payment, not borrower’s personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46991, Van Buren, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 664 (100%) |
| Owner Occupied HU | 477 (71.8%) |
| Renter Occupied HU | 110 (16.6%) |
| Vacant Housing Units | 77 (11.6%) |
| Median Home Value | $175,893 |
| Average Home Value | $265,231 |
Housing Distribution
Address Breakdown
Residential
398
Single Family
398
Multi-Family
0
Businesses
32
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