506 E Pike StKirklinIN46050
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 Kirklin at 506 E Pike St, Kirklin, IN, 46050 priced at $350,000 converts $2,100/mo rent into after a $1,713/mo obligation. Total monthly income equals $2,100/mo. Return on cash invested prints 19.9% in year one, and rental yield reads 7.2% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 102.59% and total cumulative return in cash sums $119,030. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,100/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2005
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46050, Kirklin, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 732 (100%) |
| Owner Occupied HU | 564 (77.0%) |
| Renter Occupied HU | 117 (16.0%) |
| Vacant Housing Units | 51 ( 7.0%) |
| Median Home Value | $276,596 |
| Average Home Value | $289,025 |
Housing Distribution
Address Breakdown
Residential
557
Single Family
557
Multi-Family
0
Businesses
44
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices