502 E South StLebanonIN46052
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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 Lebanon at 502 E South St, Lebanon, IN, 46052 offers a 8.93% rental yield on a $280,200 purchase with $2,086/mo rent. Total monthly income registers $2,086/mo, and a $1,371/mo payment leaves $272/mo available for distribution. Annual cash flow reaches $3,262/yr on $92,886 to close, and return on cash invested stands at 23.42% in year one. Equity gained on principal adds $1,808/yr while 5% annual appreciation supports $77,414 over five years. Portfolio math shows five-year ROI at 122.06% and total cumulative return in cash at $113,375. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,086/mo property income against a $1,371/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46052, Lebanon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,620 (100%) |
| Owner Occupied HU | 7,092 (66.8%) |
| Renter Occupied HU | 2,845 (26.8%) |
| Vacant Housing Units | 683 ( 6.4%) |
| Median Home Value | $249,031 |
| Average Home Value | $321,785 |
Housing Distribution
Address Breakdown
Residential
10,065
Single Family
9,322
Multi-Family
743
Businesses
800
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