508 W 11th StOoliticIN47451
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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 Oolitic at 508 W 11th St, Oolitic, IN, 47451 earns $838/mo cash flow from $2,564/mo rent with a $1,407/mo payment. Total monthly income totals $2,564/mo, and annual cash flow totals $10,060/yr on $95,306 capital. ROI tracks 30.46% on current figures, and rental yield reads 10.7% at a $287,500 purchase. Equity gained on principal adds $1,855/yr, and 5% annual appreciation supports $79,431 over five years. Five-year ROI reaches 159.24% and total cumulative return in cash sums $151,763. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,564/mo property income instead of your personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47451, Oolitic, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 586 (100%) |
| Owner Occupied HU | 384 (65.5%) |
| Renter Occupied HU | 137 (23.4%) |
| Vacant Housing Units | 65 (11.1%) |
| Median Home Value | $165,833 |
| Average Home Value | $195,488 |
Housing Distribution
Address Breakdown
Residential
453
Single Family
453
Multi-Family
0
Businesses
35
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