508 N High StUnion CityIN47390
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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 Union City at 508 N High St, Union City, IN, 47390 priced at $109,900 pairs $832/mo rent with $172/mo cash flow after a $538/mo payment. Total monthly income equals $832/mo, and annual cash flow comes to $2,066/yr on $36,432 invested. Return on cash invested is 25.58% in year one, and rental yield stands at 9.08% on a $109,900 basis. Equity gained on principal adds $709/yr, and 5% annual appreciation accumulates to $30,363 by year five. Five-year ROI measures 133.11% and total cumulative return in cash reaches $48,496. For financing, Ziffy Mortgage’s DSCR program evaluates $832/mo property income against a $538/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1911
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47390, Union City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,407 (100%) |
| Owner Occupied HU | 1,421 (59.0%) |
| Renter Occupied HU | 683 (28.4%) |
| Vacant Housing Units | 303 (12.6%) |
| Median Home Value | $103,399 |
| Average Home Value | $160,151 |
Housing Distribution
Address Breakdown
Residential
2,226
Single Family
2,093
Multi-Family
133
Businesses
189
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Listed by: Curtis Cunningham • Wagner Auctioneering and Real Estate
Mls Name: IRMLS
Mls ID: #202536472