501 E Main StLewisvilleIN47352
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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
Investment property for sale in Lewisville at 501 E Main St, Lewisville, IN, 47352 uses $39,747 cash to close to unlock $4,969/yr annual cash flow and $414/mo monthly cash flow. Total monthly income runs $1,134/mo, and a $587/mo payment keeps the spread at $414/mo. Purchase price stands at $119,900, and rental yield measures 11.35% with $1,134/mo rent. Return on cash invested shows 32.41% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 169.76% and total cumulative return in cash records $67,476. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,134/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47352, Lewisville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 373 (100%) |
| Owner Occupied HU | 265 (71.0%) |
| Renter Occupied HU | 63 (16.9%) |
| Vacant Housing Units | 45 (12.1%) |
| Median Home Value | $210,556 |
| Average Home Value | $236,604 |
Housing Distribution
Address Breakdown
Residential
271
Single Family
271
Multi-Family
0
Businesses
16
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Listed by: Sonie Gill • Vylla Home
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22070207