415 Main StreetTroyIN47588
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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 Troy at 415 Main Street, Troy, IN, 47588 at $175,000 posts ROI 18.05% with from $961/mo rent. Total monthly income equals $961/mo. Return on cash invested measures 18.05% and rental yield reads 6.59% at the current $175,000. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 by year five. Five-year ROI prints 92.7% and total cumulative return in cash totals $53,779. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $961/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47588, Troy, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 190 (100%) |
| Owner Occupied HU | 139 (73.2%) |
| Renter Occupied HU | 21 (11.1%) |
| Vacant Housing Units | 30 (15.8%) |
| Median Home Value | $220,192 |
| Average Home Value | $233,957 |
Housing Distribution
Address Breakdown
Residential
110
Single Family
110
Multi-Family
0
Businesses
24
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Listed by: Becky Higgins • RE/MAX Advantage
Mls Name: SIRA
Mls Provider:
Mls ID: #202506641
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.