413 E Shawnee LnAtticaIN47918
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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 Attica at 413 E Shawnee Ln, Attica, IN, 47918 offers $1,601/mo rent that, after a $1,463/mo payment. Total monthly income is $1,601/mo. Return on cash invested measures 17.57% in year one, and rental yield stands at 6.43% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 90.05% and total cumulative return in cash reaches $89,254. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,601/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
2.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47918, Attica, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,831 (100%) |
| Owner Occupied HU | 1,954 (69.0%) |
| Renter Occupied HU | 565 (20.0%) |
| Vacant Housing Units | 312 (11.0%) |
| Median Home Value | $168,497 |
| Average Home Value | $208,433 |
Housing Distribution
Address Breakdown
Residential
2,559
Single Family
2,559
Multi-Family
0
Businesses
195
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