408 E 1st StOtterbeinIN47906
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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 Otterbein at 408 E 1st St, Otterbein, IN, 47906 uses $56,322 cash to close to unlock $3,452/yr annual cash flow and $288/mo monthly cash flow. Total monthly income runs $1,308/mo, and a $832/mo payment keeps the spread at $288/mo. Purchase price stands at $169,900, and rental yield measures 9.24% with $1,308/mo rent. Return on cash invested shows 26.04% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 135.49% and total cumulative return in cash records $76,310. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,308/mo property income covering a $832/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47906, West Lafayette, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,475 (100%) |
| Owner Occupied HU | 12,026 (39.5%) |
| Renter Occupied HU | 15,431 (50.6%) |
| Vacant Housing Units | 3,018 ( 9.9%) |
| Median Home Value | $337,444 |
| Average Home Value | $371,802 |
Housing Distribution
Address Breakdown
Residential
28,098
Single Family
17,941
Multi-Family
10,157
Businesses
863
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