47 Ridgecrest CtTerre HauteIN47802
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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 Terre Haute at 47 Ridgecrest Ct, Terre Haute, IN, 47802 offers $2,960/mo rent that, after a $2,349/mo payment, leaves $79/mo cash flow. Total monthly income is $2,960/mo, and annual cash flow is $949/yr on $159,087 cash. Return on cash invested measures 20.51% in year one, and rental yield stands at 7.4% at a $479,900 entry. Equity gained on principal adds $3,097/yr while 5% annual appreciation compounds into $132,588 by year five. Five-year ROI records 105.83% and total cumulative return in cash reaches $168,357. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,960/mo property income versus a $2,349/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47802, Terre Haute, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,234 (100%) |
| Owner Occupied HU | 8,249 (54.1%) |
| Renter Occupied HU | 5,649 (37.1%) |
| Vacant Housing Units | 1,336 ( 8.8%) |
| Median Home Value | $191,284 |
| Average Home Value | $256,820 |
Housing Distribution
Address Breakdown
Residential
14,491
Single Family
13,433
Multi-Family
1,058
Businesses
1,155
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Listed by: JENNIFER L ATTERSON • CENTURY 21 ELITE
Mls Name: THAAR
Mls ID: #107732