483 N Union StRussiavilleIN46979
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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 Russiaville at 483 N Union St, Russiaville, IN, 46979 priced at $124,900 pairs $940/mo rent with $191/mo cash flow after a $611/mo payment. Total monthly income equals $940/mo, and annual cash flow comes to $2,287/yr on $41,404 invested. Return on cash invested is 25.43% in year one, and rental yield stands at 9.03% on a $124,900 basis. Equity gained on principal adds $806/yr, and 5% annual appreciation accumulates to $34,508 by year five. Five-year ROI measures 132.27% and total cumulative return in cash reaches $54,766. For financing, Ziffy Mortgage’s DSCR program evaluates $940/mo property income against a $611/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1905
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46979, Russiaville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,924 (100%) |
| Owner Occupied HU | 1,623 (84.4%) |
| Renter Occupied HU | 190 ( 9.9%) |
| Vacant Housing Units | 111 ( 5.8%) |
| Median Home Value | $231,271 |
| Average Home Value | $270,051 |
Housing Distribution
Address Breakdown
Residential
1,860
Single Family
1,860
Multi-Family
0
Businesses
75
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Listed by: Matthew Brown • Tom Hayes Realty
Mls Name: IRMLS
Mls ID: #202548102