504 S 3rd StSwayzeeIN46986
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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 Swayzee at 504 S 3rd St, Swayzee, IN, 46986 priced at $400,000 pairs $2,714/mo rent with $313/mo cash flow after a $1,958/mo payment. Total monthly income equals $2,714/mo, and annual cash flow comes to $3,752/yr on $132,600 invested. Return on cash invested is 22.74% in year one, and rental yield stands at 8.14% on a $400,000 basis. Equity gained on principal adds $2,581/yr, and 5% annual appreciation accumulates to $110,513 by year five. Five-year ROI measures 117.77% and total cumulative return in cash reaches $156,160. For financing, Ziffy Mortgage’s DSCR program evaluates $2,714/mo property income against a $1,958/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
1.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46986, Swayzee, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 775 (100%) |
| Owner Occupied HU | 585 (75.5%) |
| Renter Occupied HU | 113 (14.6%) |
| Vacant Housing Units | 77 ( 9.9%) |
| Median Home Value | $198,093 |
| Average Home Value | $241,585 |
Housing Distribution
Address Breakdown
Residential
649
Single Family
649
Multi-Family
0
Businesses
36
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Listed by: Nick Krieg • Empire Real Estate LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514390
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.