406 Riley RdDelphiIN46923
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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 Delphi at 406 Riley Rd, Delphi, IN, 46923 offers a 11.41% rental yield on a $212,700 purchase with $2,023/mo rent. Total monthly income registers $2,023/mo, and a $1,041/mo payment leaves $742/mo available for distribution. Annual cash flow reaches $8,904/yr on $70,510 to close, and return on cash invested stands at 32.54% in year one. Equity gained on principal adds $1,373/yr while 5% annual appreciation supports $58,765 over five years. Portfolio math shows five-year ROI at 170.32% and total cumulative return in cash at $120,095. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,023/mo property income against a $1,041/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46923, Delphi, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,476 (100%) |
| Owner Occupied HU | 2,521 (72.5%) |
| Renter Occupied HU | 683 (19.6%) |
| Vacant Housing Units | 272 ( 7.8%) |
| Median Home Value | $171,232 |
| Average Home Value | $207,676 |
Housing Distribution
Address Breakdown
Residential
3,286
Single Family
3,248
Multi-Family
38
Businesses
307
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