428 Clay StRochesterIN46975
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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
Investment property for sale in Rochester at 428 Clay St, Rochester, IN, 46975 uses $62,952 cash to close to unlock $2,658/yr annual cash flow and $222/mo monthly cash flow. Total monthly income runs $1,361/mo, and a $929/mo payment keeps the spread at $222/mo. Purchase price stands at $189,900, and rental yield measures 8.6% with $1,361/mo rent. Return on cash invested shows 24.13% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 125.28% and total cumulative return in cash records $78,869. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,361/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46975, Rochester, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,778 (100%) |
| Owner Occupied HU | 4,464 (65.9%) |
| Renter Occupied HU | 1,433 (21.1%) |
| Vacant Housing Units | 881 (13.0%) |
| Median Home Value | $209,010 |
| Average Home Value | $245,757 |
Housing Distribution
Address Breakdown
Residential
6,117
Single Family
6,067
Multi-Family
50
Businesses
519
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Listed by: Nikki Sheppard • RE/MAX SELECT REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515125
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.