501 E 9th StClay CityIN47841
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
Investment property for sale in Clay City at 501 E 9th St, Clay City, IN, 47841 offers a 15.49% rental yield on a $187,600 purchase with $2,422/mo rent. Total monthly income registers $2,422/mo, and a $918/mo payment leaves $1,296/mo available for distribution. Annual cash flow reaches $15,553/yr on $62,189 to close, and return on cash invested stands at 44.92% in year one. Equity gained on principal adds $1,211/yr while 5% annual appreciation supports $51,830 over five years. Portfolio math shows five-year ROI at 236.78% and total cumulative return in cash at $147,255. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,422/mo property income against a $918/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1919
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47841, Clay City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 994 (100%) |
| Owner Occupied HU | 681 (68.5%) |
| Renter Occupied HU | 204 (20.5%) |
| Vacant Housing Units | 109 (11.0%) |
| Median Home Value | $126,894 |
| Average Home Value | $147,559 |
Housing Distribution
Address Breakdown
Residential
951
Single Family
951
Multi-Family
0
Businesses
70
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