421 S Main StreetEnglishIN47118
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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 English at 421 S Main Street, English, IN, 47118 priced at $409,900 converts $816/mo rent into after a $2,006/mo obligation. Total monthly income equals $816/mo. Return on cash invested prints 5.39% in year one, and rental yield reads 2.39% against a $409,900 entry. Equity gained on principal adds $2,645/yr, while 5% annual appreciation compiles into $113,248 by year five. Five-year ROI reaches 24.73% and total cumulative return in cash sums $33,604. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $816/mo property income covering a $2,006/mo payment, not borrower’s personal income.
Single Family
Built in 2024
20.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47118, English, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,777 (100%) |
| Owner Occupied HU | 1,171 (65.9%) |
| Renter Occupied HU | 278 (15.6%) |
| Vacant Housing Units | 328 (18.5%) |
| Median Home Value | $155,271 |
| Average Home Value | $190,722 |
Housing Distribution
Address Breakdown
Residential
1,484
Single Family
1,484
Multi-Family
0
Businesses
100
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