518 N Short StOakland CityIN47660
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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 Oakland City at 518 N Short St, Oakland City, IN, 47660 with 5% annual appreciation on a $124,888 basis while $1,183/mo rent supports operations. Total monthly income totals $1,183/mo and a $611/mo payment preserves $434/mo for cash returns. Annual cash flow comes to $5,203/yr on $41,400 deployed, and return on cash invested reaches 32.48% in year one. Equity gained on principal adds $806/yr, and five-year appreciation sums $34,504 alongside rental yield of 11.37%. Five-year ROI measures 170.04% and total cumulative return in cash totals $70,398.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,183/mo property income versus a $611/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47660, Oakland City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,172 (100%) |
| Owner Occupied HU | 1,430 (65.8%) |
| Renter Occupied HU | 462 (21.3%) |
| Vacant Housing Units | 280 (12.9%) |
| Median Home Value | $165,767 |
| Average Home Value | $187,538 |
Housing Distribution
Address Breakdown
Residential
1,980
Single Family
1,980
Multi-Family
0
Businesses
136
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Listed by: John P Czoer • FIRST CLASS REALTY
Mls Name: IRMLS
Mls ID: #202533059