507 W State StAshleyIN46705
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
Investment property for sale in Ashley at 507 W State St, Ashley, IN, 46705 earns $336/mo cash flow from $1,475/mo rent with a $929/mo payment. Total monthly income totals $1,475/mo, and annual cash flow totals $4,026/yr on $62,952 capital. ROI tracks 26.3% on current figures, and rental yield reads 9.32% at a $189,900 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 over five years. Five-year ROI reaches 136.93% and total cumulative return in cash sums $86,201. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,475/mo property income instead of your personal income.
Single Family
Built in 1950
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46705, Ashley, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 736 (100%) |
| Owner Occupied HU | 493 (67.0%) |
| Renter Occupied HU | 162 (22.0%) |
| Vacant Housing Units | 81 (11.0%) |
| Median Home Value | $182,083 |
| Average Home Value | $237,825 |
Housing Distribution
Address Breakdown
Residential
403
Single Family
361
Multi-Family
42
Businesses
69
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices