5230 Main Street SEElizabethIN47117
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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 Elizabeth at 5230 Main Street SE, Elizabeth, IN, 47117 offers a 9.78% rental yield on a $239,900 purchase with $1,955/mo rent. Total monthly income registers $1,955/mo, and a $1,174/mo payment leaves $515/mo available for distribution. Annual cash flow reaches $6,181/yr on $79,527 to close, and return on cash invested stands at 27.68% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 144.32% and total cumulative return in cash at $114,775. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,955/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47117, Elizabeth, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,903 (100%) |
| Owner Occupied HU | 1,547 (81.3%) |
| Renter Occupied HU | 188 ( 9.9%) |
| Vacant Housing Units | 168 ( 8.8%) |
| Median Home Value | $235,074 |
| Average Home Value | $269,627 |
Housing Distribution
Address Breakdown
Residential
1,785
Single Family
1,785
Multi-Family
0
Businesses
42
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