504 Ridge AveAuroraIN47001
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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 Aurora at 504 Ridge Ave, Aurora, IN, 47001 priced at $205,600 converts $1,700/mo rent into $466/mo cash flow after a $1,006/mo obligation. Total monthly income equals $1,700/mo, and annual cash flow totals $5,593/yr on $68,156 invested. Return on cash invested prints 28.12% in year one, and rental yield reads 9.92% against a $205,600 entry. Equity gained on principal adds $1,327/yr, while 5% annual appreciation compiles into $56,803 by year five. Five-year ROI reaches 146.67% and total cumulative return in cash sums $99,962. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,700/mo property income covering a $1,006/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47001, Aurora, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,472 (100%) |
| Owner Occupied HU | 3,240 (72.5%) |
| Renter Occupied HU | 844 (18.9%) |
| Vacant Housing Units | 388 ( 8.7%) |
| Median Home Value | $213,898 |
| Average Home Value | $248,906 |
Housing Distribution
Address Breakdown
Residential
4,351
Single Family
4,282
Multi-Family
69
Businesses
296
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