502 N Madison St #1 & 2GastonIN47342
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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 Gaston at 502 N Madison St #1 & 2, Gaston, IN, 47342 earns $516/mo cash flow from $1,440/mo rent with a $753/mo payment. Total monthly income totals $1,440/mo, and annual cash flow totals $6,197/yr on $51,018 capital. ROI tracks 32.06% on current figures, and rental yield reads 11.23% at a $153,900 purchase. Equity gained on principal adds $993/yr, and 5% annual appreciation supports $42,520 over five years. Five-year ROI reaches 167.79% and total cumulative return in cash sums $85,602. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,440/mo property income instead of your personal income.
Multi Family
Built in 2010
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47342, Gaston, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,186 (100%) |
| Owner Occupied HU | 917 (77.3%) |
| Renter Occupied HU | 165 (13.9%) |
| Vacant Housing Units | 104 ( 8.8%) |
| Median Home Value | $167,609 |
| Average Home Value | $197,410 |
Housing Distribution
Address Breakdown
Residential
774
Single Family
774
Multi-Family
0
Businesses
41
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Listed by: Sherry Anderson • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508967
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.