516 N 7th StRockportIN47635
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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 Rockport at 516 N 7th St, Rockport, IN, 47635 uses $56,322 cash to close to unlock $4,976/yr annual cash flow and $415/mo monthly cash flow. Total monthly income runs $1,435/mo, and a $832/mo payment keeps the spread at $415/mo. Purchase price stands at $169,900, and rental yield measures 10.14% with $1,435/mo rent. Return on cash invested shows 28.74% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 150% and total cumulative return in cash records $84,482. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,435/mo property income covering a $832/mo payment rather than investor’s personal income.
Manufactured
Built in 1999
0.49 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices