515 E North A StGas CityIN46933
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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 Gas City at 515 E North A St, Gas City, IN, 46933 uses $79,527 cash to close to unlock $3,037/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $1,693/mo, and a $1,174/mo payment keeps the spread at $253/mo. Purchase price stands at $239,900, and rental yield measures 8.47% with $1,693/mo rent. Return on cash invested shows 23.73% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 123.14% and total cumulative return in cash records $97,927. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,693/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46933, Gas City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 1,943 (65.9%) |
| Renter Occupied HU | 776 (26.3%) |
| Vacant Housing Units | 228 ( 7.7%) |
| Median Home Value | $124,795 |
| Average Home Value | $191,109 |
Housing Distribution
Address Breakdown
Residential
2,829
Single Family
2,760
Multi-Family
69
Businesses
247
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