413 W Main StBainbridgeIN46105
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
Rental property for sale in Bainbridge at 413 W Main St, Bainbridge, IN, 46105 offers $1,871/mo rent that, after a $1,150/mo payment, leaves $461/mo cash flow. Total monthly income is $1,871/mo, and annual cash flow is $5,526/yr on $77,903 cash. Return on cash invested measures 27% in year one, and rental yield stands at 9.55% at a $235,000 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,926 by year five. Five-year ROI records 140.64% and total cumulative return in cash reaches $109,564. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,871/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46105, Bainbridge, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 824 (100%) |
| Owner Occupied HU | 656 (79.6%) |
| Renter Occupied HU | 99 (12.0%) |
| Vacant Housing Units | 69 ( 8.4%) |
| Median Home Value | $229,425 |
| Average Home Value | $292,828 |
Housing Distribution
Address Breakdown
Residential
604
Single Family
604
Multi-Family
0
Businesses
56
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Listed by: LEZLEY WASS • CAPSTONE REALTY GROUP INC
Mls Name: THAAR
Mls ID: #107310