42 Center StAvocaIN47420
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 Avoca at 42 Center St, Avoca, IN, 47420 priced at $332,700 converts $2,503/mo rent into $506/mo cash flow after a $1,628/mo obligation. Total monthly income equals $2,503/mo, and annual cash flow totals $6,075/yr on $110,290 invested. Return on cash invested prints 25.42% in year one, and rental yield reads 9.03% against a $332,700 entry. Equity gained on principal adds $2,147/yr, while 5% annual appreciation compiles into $91,919 by year five. Five-year ROI reaches 132.16% and total cumulative return in cash sums $145,758. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,503/mo property income covering a $1,628/mo payment, not borrower’s personal income.
Single Family
Built in 1969
2.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47420, Avoca, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11 (100%) |
| Owner Occupied HU | 9 (81.8%) |
| Renter Occupied HU | 0 |
| Vacant Housing Units | 2 (18.2%) |
| Median Home Value | $312,500 |
| Average Home Value | $270,833 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
7
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Listed by: Brianne A Goodwine • Williams Carpenter Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520884
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.