509 W State StAshleyIN46705
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ashley at 509 W State St, Ashley, IN, 46705 offers $1,801/mo rent that, after a $965/mo payment, leaves $617/mo cash flow. Total monthly income is $1,801/mo, and annual cash flow is $7,409/yr on $65,372 cash. Return on cash invested measures 31.24% in year one, and rental yield stands at 10.96% at a $197,200 entry. Equity gained on principal adds $1,273/yr while 5% annual appreciation compounds into $54,483 by year five. Five-year ROI records 163.42% and total cumulative return in cash reaches $106,829. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,801/mo property income versus a $965/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46705, Ashley, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 736 (100%) |
| Owner Occupied HU | 493 (67.0%) |
| Renter Occupied HU | 162 (22.0%) |
| Vacant Housing Units | 81 (11.0%) |
| Median Home Value | $182,083 |
| Average Home Value | $237,825 |
Housing Distribution
Address Breakdown
Residential
403
Single Family
361
Multi-Family
42
Businesses
69
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Listed by: Dana Botteron • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525778
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.