420 N New York StRemingtonIN47977
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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
Rental property for sale in Remington at 420 N New York St, Remington, IN, 47977 priced at $178,500 pairs $1,927/mo rent with $855/mo cash flow after a $874/mo payment. Total monthly income equals $1,927/mo, and annual cash flow comes to $10,262/yr on $59,173 invested. Return on cash invested is 37.25% in year one, and rental yield stands at 12.95% on a $178,500 basis. Equity gained on principal adds $1,152/yr, and 5% annual appreciation accumulates to $49,316 by year five. Five-year ROI measures 195.64% and total cumulative return in cash reaches $115,766. For financing, Ziffy Mortgage’s DSCR program evaluates $1,927/mo property income against a $874/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47977, Remington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 990 (100%) |
| Owner Occupied HU | 658 (66.5%) |
| Renter Occupied HU | 268 (27.1%) |
| Vacant Housing Units | 64 ( 6.5%) |
| Median Home Value | $182,143 |
| Average Home Value | $205,935 |
Housing Distribution
Address Breakdown
Residential
802
Single Family
802
Multi-Family
0
Businesses
97
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Listed by: Terri L Phegley • Cornerstone Real Estate Agency
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518859
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.