505 E 3rd StBicknellIN47512
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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 Bicknell at 505 E 3rd St, Bicknell, IN, 47512 priced at $162,400 converts $1,322/mo rent into $347/mo cash flow after a $795/mo obligation. Total monthly income equals $1,322/mo, and annual cash flow totals $4,164/yr on $53,836 invested. Return on cash invested prints 27.64% in year one, and rental yield reads 9.77% against a $162,400 entry. Equity gained on principal adds $1,048/yr, while 5% annual appreciation compiles into $44,868 by year five. Five-year ROI reaches 144.06% and total cumulative return in cash sums $77,555. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,322/mo property income covering a $795/mo payment, not borrower’s personal income.
Single Family
Built in 1987
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47512, Bicknell, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,031 (100%) |
| Owner Occupied HU | 1,175 (57.9%) |
| Renter Occupied HU | 504 (24.8%) |
| Vacant Housing Units | 352 (17.3%) |
| Median Home Value | $96,475 |
| Average Home Value | $144,134 |
Housing Distribution
Address Breakdown
Residential
1,577
Single Family
1,562
Multi-Family
15
Businesses
89
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Listed by: Heath Klein • KLEIN RLTY&AUCTION, INC.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202405456
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.