408 Duryea DrAuburnIN46706
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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 Auburn at 408 Duryea Dr, Auburn, IN, 46706 priced at $340,000 converts $2,226/mo rent into $185/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,226/mo, and annual cash flow totals $2,222/yr on $112,710 invested. Return on cash invested prints 21.88% in year one, and rental yield reads 7.86% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 113.2% and total cumulative return in cash sums $127,590. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,226/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46706, Auburn, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,864 (100%) |
| Owner Occupied HU | 6,655 (75.1%) |
| Renter Occupied HU | 1,687 (19.0%) |
| Vacant Housing Units | 522 ( 5.9%) |
| Median Home Value | $227,490 |
| Average Home Value | $279,454 |
Housing Distribution
Address Breakdown
Residential
8,621
Single Family
8,480
Multi-Family
141
Businesses
818
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Listed by: Tug Pierson • RE/MAX Results
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524090
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.