408 E South E #HGas CityIN46933
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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 Gas City at 408 E South E #H, Gas City, IN, 46933 offers $0/mo rent that, after a $728/mo payment. Total monthly income is $0/mo. Return on cash invested measures -1.83% in year one, and rental yield stands at 0% at a $148,700 entry. Equity gained on principal adds $960/yr while 5% annual appreciation compounds into $41,083 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $728/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46933, Gas City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 1,943 (65.9%) |
| Renter Occupied HU | 776 (26.3%) |
| Vacant Housing Units | 228 ( 7.7%) |
| Median Home Value | $124,795 |
| Average Home Value | $191,109 |
Housing Distribution
Address Breakdown
Residential
2,829
Single Family
2,760
Multi-Family
69
Businesses
247
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices