506 E Locust StBoonvilleIN47601
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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 Boonville at 506 E Locust St, Boonville, IN, 47601 earns $693/mo cash flow from $1,521/mo rent with a $675/mo payment. Total monthly income totals $1,521/mo, and annual cash flow totals $8,317/yr on $45,747 capital. ROI tracks 38.09% on current figures, and rental yield reads 13.23% at a $138,000 purchase. Equity gained on principal adds $890/yr, and 5% annual appreciation supports $38,127 over five years. Five-year ROI reaches 200.16% and total cumulative return in cash sums $91,566. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,521/mo property income instead of your personal income.
Single Family
Built in 1970
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,063 (100%) |
| Owner Occupied HU | 4,644 (76.6%) |
| Renter Occupied HU | 1,004 (16.6%) |
| Vacant Housing Units | 415 ( 6.8%) |
| Median Home Value | $231,570 |
| Average Home Value | $282,098 |
Housing Distribution
Address Breakdown
Residential
5,853
Single Family
5,666
Multi-Family
187
Businesses
417
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Listed by: Trae Dauby • Dauby Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530130
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.