504 E 2nd StReynoldsIN47980
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 Reynolds at 504 E 2nd St, Reynolds, IN, 47980 offers $1,915/mo rent that, after a $1,368/mo payment, leaves $234/mo cash flow. Total monthly income is $1,915/mo, and annual cash flow is $2,808/yr on $92,654 cash. Return on cash invested measures 22.94% in year one, and rental yield stands at 8.22% at a $279,500 entry. Equity gained on principal adds $1,804/yr while 5% annual appreciation compounds into $77,221 by year five. Five-year ROI records 118.85% and total cumulative return in cash reaches $110,120. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,915/mo property income versus a $1,368/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1908
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47980, Reynolds, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 477 (100%) |
| Owner Occupied HU | 337 (70.6%) |
| Renter Occupied HU | 109 (22.9%) |
| Vacant Housing Units | 31 ( 6.5%) |
| Median Home Value | $209,270 |
| Average Home Value | $232,025 |
Housing Distribution
Address Breakdown
Residential
412
Single Family
412
Multi-Family
0
Businesses
58
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Listed by: Ryan Clemons • Redlow Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514603
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.