413 S Buffalo StBurketIN46508
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Burket at 413 S Buffalo St, Burket, IN, 46508 with 5% annual appreciation on a $190,000 basis while $1,844/mo rent supports operations. Total monthly income totals $1,844/mo and a $930/mo payment preserves $703/mo for cash returns. Annual cash flow comes to $8,441/yr on $62,985 deployed, and return on cash invested reaches 33.31% in year one. Equity gained on principal adds $1,226/yr, and five-year appreciation sums $52,494 alongside rental yield of 11.65%. Five-year ROI measures 174.5% and total cumulative return in cash totals $109,908.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,844/mo property income versus a $930/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46508, Burket, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 69 (100%) |
| Owner Occupied HU | 47 (68.1%) |
| Renter Occupied HU | 7 (10.1%) |
| Vacant Housing Units | 15 (21.7%) |
| Median Home Value | $255,000 |
| Average Home Value | $319,202 |
Housing Distribution
Address Breakdown
Residential
7
Single Family
7
Multi-Family
0
Businesses
8
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices