431 Pheasant RunRensselaerIN47978
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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 Rensselaer at 431 Pheasant Run, Rensselaer, IN, 47978 priced at $244,900 pairs $1,667/mo rent with $197/mo cash flow after a $1,199/mo payment. Total monthly income equals $1,667/mo, and annual cash flow comes to $2,359/yr on $81,184 invested. Return on cash invested is 22.81% in year one, and rental yield stands at 8.17% on a $244,900 basis. Equity gained on principal adds $1,580/yr, and 5% annual appreciation accumulates to $67,661 by year five. Five-year ROI measures 118.2% and total cumulative return in cash reaches $95,957. For financing, Ziffy Mortgage’s DSCR program evaluates $1,667/mo property income against a $1,199/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47978, Rensselaer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,173 (67.4%) |
| Renter Occupied HU | 1,190 (25.3%) |
| Vacant Housing Units | 347 ( 7.4%) |
| Median Home Value | $207,764 |
| Average Home Value | $254,811 |
Housing Distribution
Address Breakdown
Residential
4,454
Single Family
4,324
Multi-Family
130
Businesses
430
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Listed by: Trisha Potts • RE/MAX Executives
Mls Name: NIRA
Mls ID: #830789