422 2nd St EMadisonIN47250
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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
Total monthly income runs $1,361/mo, and a $1,415/mo payment. Purchase price stands at $289,000, and rental yield measures 5.65% with $1,361/mo rent. Return on cash invested shows 15.22% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 77.47% and total cumulative return in cash records $74,222. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,361/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 1840
4,835 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47250, Madison, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,256 (100%) |
| Owner Occupied HU | 6,609 (64.4%) |
| Renter Occupied HU | 2,671 (26.0%) |
| Vacant Housing Units | 976 ( 9.5%) |
| Median Home Value | $232,661 |
| Average Home Value | $249,506 |
Housing Distribution
Address Breakdown
Residential
9,501
Single Family
9,288
Multi-Family
213
Businesses
902
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