503 E Main StVan BurenIN46991
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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 Van Buren at 503 E Main St, Van Buren, IN, 46991 uses $39,780 cash to close to unlock $5,760/yr annual cash flow and $480/mo monthly cash flow. Total monthly income runs $1,200/mo, and a $587/mo payment keeps the spread at $480/mo. Purchase price stands at $120,000, and rental yield measures 12% with $1,200/mo rent. Return on cash invested shows 34.39% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 180.2% and total cumulative return in cash records $71,683. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,200/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1940
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46991, Van Buren, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 664 (100%) |
| Owner Occupied HU | 477 (71.8%) |
| Renter Occupied HU | 110 (16.6%) |
| Vacant Housing Units | 77 (11.6%) |
| Median Home Value | $175,893 |
| Average Home Value | $265,231 |
Housing Distribution
Address Breakdown
Residential
398
Single Family
398
Multi-Family
0
Businesses
32
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