405 W State StMoroccoIN47963
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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 Morocco at 405 W State St, Morocco, IN, 47963 generates $1,213/mo in rent and, after a $660/mo payment, leaves $330/mo in cash flow. Total monthly income is $1,213/mo, and annual cash flow is $3,960/yr on $44,719 invested. Return on cash invested sits at 28.76% in year one, and rental yield is 10.79% on a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 150.77% and total cumulative return in cash sums $67,421. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,213/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47963, Morocco, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 968 (100%) |
| Owner Occupied HU | 692 (71.5%) |
| Renter Occupied HU | 180 (18.6%) |
| Vacant Housing Units | 96 ( 9.9%) |
| Median Home Value | $201,818 |
| Average Home Value | $217,760 |
Housing Distribution
Address Breakdown
Residential
517
Single Family
517
Multi-Family
0
Businesses
69
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Listed by: Marci Burton • Burton Farm And Home Realty, LLC.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520420
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.