514 Knight StCanneltonIN47520
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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 Cannelton at 514 Knight St, Cannelton, IN, 47520 generates $982/mo in rent and, after a $661/mo payment, leaves $171/mo in cash flow. Total monthly income is $982/mo, and annual cash flow is $2,056/yr on $44,753 invested. Return on cash invested sits at 24.5% in year one, and rental yield is 8.73% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 127.31% and total cumulative return in cash sums $56,977. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $982/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47520, Cannelton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,558 (100%) |
| Owner Occupied HU | 934 (59.9%) |
| Renter Occupied HU | 387 (24.8%) |
| Vacant Housing Units | 237 (15.2%) |
| Median Home Value | $218,750 |
| Average Home Value | $251,004 |
Housing Distribution
Address Breakdown
Residential
1,481
Single Family
1,319
Multi-Family
162
Businesses
65
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