504 S McMinn RdCentervilleIN47330
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 Centerville at 504 S McMinn Rd, Centerville, IN, 47330 priced at $220,000 converts $1,901/mo rent into $580/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,901/mo, and annual cash flow totals $6,962/yr on $72,930 invested. Return on cash invested prints 29.46% in year one, and rental yield reads 10.37% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 153.84% and total cumulative return in cash sums $112,199. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,901/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 2008
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47330, Centerville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,348 (100%) |
| Owner Occupied HU | 1,704 (72.6%) |
| Renter Occupied HU | 443 (18.9%) |
| Vacant Housing Units | 201 ( 8.6%) |
| Median Home Value | $202,537 |
| Average Home Value | $240,484 |
Housing Distribution
Address Breakdown
Residential
2,334
Single Family
2,334
Multi-Family
0
Businesses
143
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Listed by: Brad Taflinger • Taflinger Real Estate Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22059583