5188 N 475th Rd ELeesburgIN46538
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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 Leesburg at 5188 N 475th Rd E, Leesburg, IN, 46538 uses $66,300 cash to close to unlock $1,972/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $1,365/mo, and a $979/mo payment keeps the spread at $164/mo. Purchase price stands at $200,000, and rental yield measures 8.19% with $1,365/mo rent. Return on cash invested shows 22.88% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 118.58% and total cumulative return in cash records $78,620. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,365/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46538, Leesburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,792 (100%) |
| Owner Occupied HU | 1,512 (54.2%) |
| Renter Occupied HU | 205 ( 7.3%) |
| Vacant Housing Units | 1,075 (38.5%) |
| Median Home Value | $357,364 |
| Average Home Value | $431,500 |
Housing Distribution
Address Breakdown
Residential
2,050
Single Family
2,050
Multi-Family
0
Businesses
79
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