470 N Pine StMorgantownIN46160
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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 Morgantown at 470 N Pine St, Morgantown, IN, 46160 priced at $138,700 pairs $1,438/mo rent with $560/mo cash flow after a $679/mo payment. Total monthly income equals $1,438/mo, and annual cash flow comes to $6,714/yr on $45,979 invested. Return on cash invested is 34.51% in year one, and rental yield stands at 12.44% on a $138,700 basis. Equity gained on principal adds $895/yr, and 5% annual appreciation accumulates to $38,320 by year five. Five-year ROI measures 181.36% and total cumulative return in cash reaches $83,386. For financing, Ziffy Mortgage’s DSCR program evaluates $1,438/mo property income against a $679/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
6,403 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46160, Morgantown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,890 (100%) |
| Owner Occupied HU | 2,204 (76.3%) |
| Renter Occupied HU | 377 (13.0%) |
| Vacant Housing Units | 309 (10.7%) |
| Median Home Value | $254,857 |
| Average Home Value | $319,090 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,618
Multi-Family
0
Businesses
119
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Listed by: N/A • N/A
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