506 S Water StJonesboroIN46938
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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 Jonesboro at 506 S Water St, Jonesboro, IN, 46938 priced at $119,900 converts $945/mo rent into $225/mo cash flow after a $587/mo obligation. Total monthly income equals $945/mo, and annual cash flow totals $2,701/yr on $39,747 invested. Return on cash invested prints 26.71% in year one, and rental yield reads 9.46% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 139.15% and total cumulative return in cash sums $55,308. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $945/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1910
5,096 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46938, Jonesboro, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,196 (100%) |
| Owner Occupied HU | 904 (75.6%) |
| Renter Occupied HU | 182 (15.2%) |
| Vacant Housing Units | 110 ( 9.2%) |
| Median Home Value | $133,036 |
| Average Home Value | $179,433 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,209
Multi-Family
0
Businesses
28
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