418 Harrodsburg RdSpringvilleIN47462
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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 Springville at 418 Harrodsburg Rd, Springville, IN, 47462 offers $1,829/mo rent that, after a $1,202/mo payment, leaves $355/mo cash flow. Total monthly income is $1,829/mo, and annual cash flow is $4,256/yr on $81,442 cash. Return on cash invested measures 25.14% in year one, and rental yield stands at 8.93% at a $245,678 entry. Equity gained on principal adds $1,585/yr while 5% annual appreciation compounds into $67,876 by year five. Five-year ROI records 130.63% and total cumulative return in cash reaches $106,389. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,829/mo property income versus a $1,202/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1994
13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47462, Springville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,250 (100%) |
| Owner Occupied HU | 1,864 (82.8%) |
| Renter Occupied HU | 230 (10.2%) |
| Vacant Housing Units | 156 ( 6.9%) |
| Median Home Value | $254,428 |
| Average Home Value | $300,248 |
Housing Distribution
Address Breakdown
Residential
2,018
Single Family
2,018
Multi-Family
0
Businesses
47
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Listed by: Cody Coffey • United Country Coffey Realty & Auction
Mls Name: IRMLS
Mls ID: #202535317