504 N Union StUnion CityIN47390
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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 Union City at 504 N Union St, Union City, IN, 47390 priced at $115,000 converts $887/mo rent into $197/mo cash flow after a $563/mo obligation. Total monthly income equals $887/mo, and annual cash flow totals $2,358/yr on $38,123 invested. Return on cash invested prints 26.1% in year one, and rental yield reads 9.26% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 135.82% and total cumulative return in cash sums $51,777. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $887/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1890
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47390, Union City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,407 (100%) |
| Owner Occupied HU | 1,421 (59.0%) |
| Renter Occupied HU | 683 (28.4%) |
| Vacant Housing Units | 303 (12.6%) |
| Median Home Value | $103,399 |
| Average Home Value | $160,151 |
Housing Distribution
Address Breakdown
Residential
2,226
Single Family
2,093
Multi-Family
133
Businesses
189
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Listed by: Emily Williams • Re/Max Evolve
Mls Name: RLMS
Mls ID: #10052108