406 W 750 SStar CityIN46985
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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 Star City at 406 W 750 S, Star City, IN, 46985 offers a 5.04% rental yield on a $370,000 purchase with $1,555/mo rent. 24% in year one. Equity gained on principal adds $2,388/yr while 5% annual appreciation supports $102,224 over five years. Portfolio math shows five-year ROI at 66.9% and total cumulative return in cash at $82,061. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,555/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1876
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46985, Star City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 634 (100%) |
| Owner Occupied HU | 470 (74.1%) |
| Renter Occupied HU | 90 (14.2%) |
| Vacant Housing Units | 74 (11.7%) |
| Median Home Value | $150,000 |
| Average Home Value | $160,617 |
Housing Distribution
Address Breakdown
Residential
531
Single Family
531
Multi-Family
0
Businesses
18
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Listed by: John Schmicker • All American Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437261
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.