509 16th StBedfordIN47421
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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 Bedford at 509 16th St, Bedford, IN, 47421 listed at $145,900 pairs $1,306/mo rent with a $714/mo payment to leave $430/mo cash flow. Total monthly income runs $1,306/mo, and annual cash flow reaches $5,164/yr on $48,366 cash to close. Return on cash invested measures 30.59% in year one, and rental yield registers 10.74% at a $145,900 basis. Equity gained on principal adds $941/yr, and annual property appreciation at 5% supports $40,309 by year five. Five-year ROI tracks 159.94% and total cumulative return in cash totals $77,355. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,306/mo property income relative to a $714/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1924
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47421, Bedford, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,866 (100%) |
| Owner Occupied HU | 8,906 (69.2%) |
| Renter Occupied HU | 2,874 (22.3%) |
| Vacant Housing Units | 1,086 ( 8.4%) |
| Median Home Value | $213,813 |
| Average Home Value | $236,330 |
Housing Distribution
Address Breakdown
Residential
12,447
Single Family
12,103
Multi-Family
344
Businesses
999
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