407 Mill StJonesvilleIN47247
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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 Jonesville at 407 Mill St, Jonesville, IN, 47247 priced at $199,900 converts $0/mo rent into after a $978/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -1.81% in year one, and rental yield reads 0% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1970
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47247, Jonesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 78 (100%) |
| Owner Occupied HU | 62 (79.5%) |
| Renter Occupied HU | 6 ( 7.7%) |
| Vacant Housing Units | 10 (12.8%) |
| Median Home Value | $230,000 |
| Average Home Value | $244,960 |
Housing Distribution
Address Breakdown
Residential
80
Single Family
80
Multi-Family
0
Businesses
8
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Janet Haight • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22067112