411 N Market StDelphiIN46923
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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 Delphi at 411 N Market St, Delphi, IN, 46923 generates $1,299/mo in rent and, after a $808/mo payment, leaves $308/mo in cash flow. Total monthly income is $1,299/mo, and annual cash flow is $3,697/yr on $54,698 invested. Return on cash invested sits at 26.67% in year one, and rental yield is 9.45% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 138.94% and total cumulative return in cash sums $75,995. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,299/mo property income rather than buyer’s personal income.
Manufactured
Built in 2001
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46923, Delphi, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,476 (100%) |
| Owner Occupied HU | 2,521 (72.5%) |
| Renter Occupied HU | 683 (19.6%) |
| Vacant Housing Units | 272 ( 7.8%) |
| Median Home Value | $171,232 |
| Average Home Value | $207,676 |
Housing Distribution
Address Breakdown
Residential
3,286
Single Family
3,248
Multi-Family
38
Businesses
307
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