473 S Carolina StBurnettsvilleIN47926
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 Burnettsville at 473 S Carolina St, Burnettsville, IN, 47926 offers $1,578/mo rent that, after a $783/mo payment, leaves $618/mo cash flow. Total monthly income is $1,578/mo, and annual cash flow is $7,413/yr on $53,007 cash. Return on cash invested measures 33.89% in year one, and rental yield stands at 11.84% at a $159,900 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,177 by year five. Five-year ROI records 177.61% and total cumulative return in cash reaches $94,146. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,578/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47926, Burnettsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 424 (100%) |
| Owner Occupied HU | 327 (77.1%) |
| Renter Occupied HU | 65 (15.3%) |
| Vacant Housing Units | 32 ( 7.5%) |
| Median Home Value | $154,107 |
| Average Home Value | $175,543 |
Housing Distribution
Address Breakdown
Residential
325
Single Family
325
Multi-Family
0
Businesses
22
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Listed by: John Koppelmann, CRS, e-PRO, GRI, SRES • Koppelmann Real Estate
Mls Name: IRMLS
Mls ID: #202545386