503 W High StRedkeyIN47373
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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 Redkey at 503 W High St, Redkey, IN, 47373 priced at $169,900 pairs $1,228/mo rent with $208/mo cash flow after a $832/mo payment. Total monthly income equals $1,228/mo, and annual cash flow comes to $2,492/yr on $56,322 invested. Return on cash invested is 24.33% in year one, and rental yield stands at 8.67% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 126.35% and total cumulative return in cash reaches $71,162. For financing, Ziffy Mortgage’s DSCR program evaluates $1,228/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1894
0.81 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 47373, Redkey, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 973 (100%) |
| Owner Occupied HU | 665 (68.3%) |
| Renter Occupied HU | 186 (19.1%) |
| Vacant Housing Units | 122 (12.5%) |
| Median Home Value | $162,750 |
| Average Home Value | $215,075 |
Housing Distribution
Address Breakdown
Residential
603
Single Family
603
Multi-Family
0
Businesses
42
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-10 | Listed for sale | $169,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-11 | $396.42 | N/A | $78,000 | 5.55% |
| 2023-04-11 | N/A | N/A | $73,900 | -0.94% |
| 2022-04-11 | N/A | N/A | $74,600 | 15.12% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1894
- Architectural Style: N/A
- Building Area: 1,706
- Living Area: 1,706 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Detached, 4
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Other
- Middle School: Other
- High School: Other
Listed by: Don Hall • Re/Max Evolve
Mls Name: RLMS
Mls Provider:
Mls ID: #10050739
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.