408 E Water StLindenIN47955
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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 Linden at 408 E Water St, Linden, IN, 47955 at $220,000 posts ROI 27.63% with $469/mo cash flow from $1,790/mo rent. Total monthly income equals $1,790/mo, and annual cash flow records $5,630/yr on $72,930 to close. Return on cash invested measures 27.63% and rental yield reads 9.76% at the current $220,000. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 by year five. Five-year ROI prints 144.05% and total cumulative return in cash totals $105,059.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,790/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47955, Linden, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 428 (100%) |
| Owner Occupied HU | 322 (75.2%) |
| Renter Occupied HU | 80 (18.7%) |
| Vacant Housing Units | 26 ( 6.1%) |
| Median Home Value | $194,853 |
| Average Home Value | $237,601 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
318
Multi-Family
0
Businesses
29
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