422 W Montgomery StFrancesvilleIN47946
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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 Francesville at 422 W Montgomery St, Francesville, IN, 47946 generates $1,159/mo in rent, after a $1,125/mo payment. Total monthly income is $1,159/mo. Return on cash invested sits at 16.43% in year one, and rental yield is 6.05% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 84.02% and total cumulative return in cash sums $64,031. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,159/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47946, Francesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 826 (100%) |
| Owner Occupied HU | 602 (72.9%) |
| Renter Occupied HU | 151 (18.3%) |
| Vacant Housing Units | 73 ( 8.8%) |
| Median Home Value | $177,604 |
| Average Home Value | $237,417 |
Housing Distribution
Address Breakdown
Residential
542
Single Family
542
Multi-Family
0
Businesses
79
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Listed by: Wendy Kopka • Neihouser Realty & Auction, Inc
Mls Name: IRMLS
Mls ID: #202539493