509 Glyn Ellen DrUnion 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
Investment property for sale in Union City at 509 Glyn Ellen Dr, Union City, IN, 47390 uses $47,073 cash to close to unlock $5,383/yr annual cash flow and $449/mo monthly cash flow. Total monthly income runs $1,301/mo, and a $695/mo payment keeps the spread at $449/mo. Purchase price stands at $142,000, and rental yield measures 10.99% with $1,301/mo rent. Return on cash invested shows 31.35% in year one, and 5% annual appreciation builds toward $39,232 over five years. Five-year ROI reaches 163.97% and total cumulative return in cash records $77,186. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,301/mo property income covering a $695/mo payment rather than investor’s personal income.
Single Family
Built in 1975
10,018 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: Jill Friend • Tarter Realty Auction and Appraisal Company
Mls Name: IRMLS
Mls Provider:
Mls ID: #202531750
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.