502 N East StTiptonIN46072
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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 Tipton at 502 N East St, Tipton, IN, 46072 priced at $163,000 converts $1,252/mo rent into $273/mo cash flow after a $798/mo obligation. Total monthly income equals $1,252/mo, and annual cash flow totals $3,280/yr on $54,035 invested. Return on cash invested prints 25.98% in year one, and rental yield reads 9.22% against a $163,000 entry. Equity gained on principal adds $1,052/yr, while 5% annual appreciation compiles into $45,034 by year five. Five-year ROI reaches 135.22% and total cumulative return in cash sums $73,063. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,252/mo property income covering a $798/mo payment, not borrower’s personal income.
Single Family
Built in 1975
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46072, Tipton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,128 (100%) |
| Owner Occupied HU | 3,001 (72.7%) |
| Renter Occupied HU | 817 (19.8%) |
| Vacant Housing Units | 310 ( 7.5%) |
| Median Home Value | $208,736 |
| Average Home Value | $239,538 |
Housing Distribution
Address Breakdown
Residential
4,051
Single Family
3,861
Multi-Family
190
Businesses
369
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