506 E Elm StRensselaerIN47978
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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
Investment property for sale in Rensselaer at 506 E Elm St, Rensselaer, IN, 47978 with 5% annual appreciation on a $109,900 basis while $827/mo rent supports operations. Total monthly income totals $827/mo and a $538/mo payment preserves $167/mo for cash returns. Annual cash flow comes to $2,006/yr on $36,432 deployed, and return on cash invested reaches 25.42% in year one. Equity gained on principal adds $709/yr, and five-year appreciation sums $30,363 alongside rental yield of 9.03%. Five-year ROI measures 132.26% and total cumulative return in cash totals $48,184.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $827/mo property income versus a $538/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47978, Rensselaer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,173 (67.4%) |
| Renter Occupied HU | 1,190 (25.3%) |
| Vacant Housing Units | 347 ( 7.4%) |
| Median Home Value | $207,764 |
| Average Home Value | $254,811 |
Housing Distribution
Address Breakdown
Residential
4,454
Single Family
4,324
Multi-Family
130
Businesses
430
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Listed by: Noelle Weishaar • Jenkins, REALTORS, INC.
Mls Name: NIRA
Mls ID: #832154