509 W Main StVan BurenIN46991
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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 Van Buren at 509 W Main St, Van Buren, IN, 46991 generates $1,109/mo in rent, after a $1,835/mo payment. Total monthly income is $1,109/mo. Return on cash invested sits at 8.89% in year one, and rental yield is 3.55% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 43.53% and total cumulative return in cash sums $54,111. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,109/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46991, Van Buren, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 664 (100%) |
| Owner Occupied HU | 477 (71.8%) |
| Renter Occupied HU | 110 (16.6%) |
| Vacant Housing Units | 77 (11.6%) |
| Median Home Value | $175,893 |
| Average Home Value | $265,231 |
Housing Distribution
Address Breakdown
Residential
398
Single Family
398
Multi-Family
0
Businesses
32
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Listed by: Jim Gilday • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507919
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.