412 E 23rd StFerdinandIN47532
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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 Ferdinand at 412 E 23rd St, Ferdinand, IN, 47532 uses $77,903 cash to close to unlock $6,846/yr annual cash flow and $571/mo monthly cash flow. Total monthly income runs $1,981/mo, and a $1,150/mo payment keeps the spread at $571/mo. Purchase price stands at $235,000, and rental yield measures 10.12% with $1,981/mo rent. Return on cash invested shows 28.7% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 149.73% and total cumulative return in cash records $116,644. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,981/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1945
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47532, Ferdinand, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,914 (100%) |
| Owner Occupied HU | 1,507 (78.7%) |
| Renter Occupied HU | 300 (15.7%) |
| Vacant Housing Units | 107 ( 5.6%) |
| Median Home Value | $278,564 |
| Average Home Value | $306,931 |
Housing Distribution
Address Breakdown
Residential
1,882
Single Family
1,882
Multi-Family
0
Businesses
164
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Listed by: Keasha Fromme • Carpenter Realty LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509335
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.