503 S Lakeview DrPetersburgIN47567
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Petersburg at 503 S Lakeview Dr, Petersburg, IN, 47567 offers $1,154/mo rent that, after a $893/mo payment, leaves $59/mo cash flow. Total monthly income is $1,154/mo, and annual cash flow is $705/yr on $60,499 cash. Return on cash invested measures 21.07% in year one, and rental yield stands at 7.59% at a $182,500 entry. Equity gained on principal adds $1,178/yr while 5% annual appreciation compounds into $50,421 by year five. Five-year ROI records 108.83% and total cumulative return in cash reaches $65,842. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,154/mo property income versus a $893/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47567, Petersburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,619 (100%) |
| Owner Occupied HU | 1,818 (69.4%) |
| Renter Occupied HU | 503 (19.2%) |
| Vacant Housing Units | 298 (11.4%) |
| Median Home Value | $175,641 |
| Average Home Value | $200,881 |
Housing Distribution
Address Breakdown
Residential
2,477
Single Family
2,441
Multi-Family
36
Businesses
223
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Listed by: Beau Johnson • @properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202533406
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.