432 S Meridian StSunmanIN47041
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Sunman at 432 S Meridian St, Sunman, IN, 47041 priced at $269,900 pairs $1,200/mo rent with after a $1,321/mo payment. Total monthly income equals $1,200/mo. Return on cash invested is 14.27% in year one, and rental yield stands at 5.34% on a $269,900 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,568 by year five. Five-year ROI measures 72.36% and total cumulative return in cash reaches $64,746. For financing, Ziffy Mortgage’s DSCR program evaluates $1,200/mo property income against a $1,321/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47041, Sunman, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,387 (100%) |
| Owner Occupied HU | 1,926 (80.7%) |
| Renter Occupied HU | 315 (13.2%) |
| Vacant Housing Units | 146 ( 6.1%) |
| Median Home Value | $280,480 |
| Average Home Value | $307,567 |
Housing Distribution
Address Breakdown
Residential
2,219
Single Family
2,191
Multi-Family
28
Businesses
95
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices