505 S County Road 675 WFrench LickIN47432
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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
Investment property for sale in French Lick at 505 S County Road 675 W, French Lick, IN, 47432 earns from $1,187/mo rent with a $1,121/mo payment. Total monthly income totals $1,187/mo. ROI tracks 16.94% on current figures, and rental yield reads 6.22% at a $229,000 purchase. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 over five years. Five-year ROI reaches 86.74% and total cumulative return in cash sums $65,849. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,187/mo property income instead of your personal income.
Manufactured
Built in 2010
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47432, French Lick, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,152 (100%) |
| Owner Occupied HU | 1,401 (65.1%) |
| Renter Occupied HU | 481 (22.4%) |
| Vacant Housing Units | 270 (12.5%) |
| Median Home Value | $171,228 |
| Average Home Value | $188,499 |
Housing Distribution
Address Breakdown
Residential
1,950
Single Family
1,872
Multi-Family
78
Businesses
142
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Nearby investment properties with comparable prices
Listed by: Brandon Warfield • CARPENTER REALTORS
Mls Name: THAAR
Mls Provider:
Mls ID: #104304
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Terre Haute Area Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Terre Haute Area Association of Realtors. All Rights Reserved. Last Updated: 2024-10-14 17:10:47 PDT