4503 Park StWoodburnIN46797
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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 Woodburn at 4503 Park St, Woodburn, IN, 46797 priced at $246,900 converts $2,293/mo rent into $801/mo cash flow after a $1,208/mo obligation. Total monthly income equals $2,293/mo, and annual cash flow totals $9,613/yr on $81,847 invested. Return on cash invested prints 31.65% in year one, and rental yield reads 11.14% against a $246,900 entry. Equity gained on principal adds $1,593/yr, while 5% annual appreciation compiles into $68,214 by year five. Five-year ROI reaches 165.67% and total cumulative return in cash sums $135,597. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,293/mo property income covering a $1,208/mo payment, not borrower’s personal income.
Single Family
Built in 1996
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46797, Woodburn, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,519 (100%) |
| Owner Occupied HU | 1,218 (80.2%) |
| Renter Occupied HU | 222 (14.6%) |
| Vacant Housing Units | 79 ( 5.2%) |
| Median Home Value | $276,336 |
| Average Home Value | $325,562 |
Housing Distribution
Address Breakdown
Residential
1,327
Single Family
1,295
Multi-Family
32
Businesses
78
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Listed by: Jami Barker • RE/MAX Results
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510021
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.