5292 N Lick Creek RdMorgantownIN46160
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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 Morgantown at 5292 N Lick Creek Rd, Morgantown, IN, 46160 earns from $930/mo rent with a $2,570/mo payment. Total monthly income totals $930/mo. ROI tracks 4.62% on current figures, and rental yield reads 2.13% at a $525,000 purchase. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 over five years. Five-year ROI reaches 20.62% and total cumulative return in cash sums $35,613. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $930/mo property income instead of your personal income.
Single Family
Built in 1975
19.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46160, Morgantown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,890 (100%) |
| Owner Occupied HU | 2,204 (76.3%) |
| Renter Occupied HU | 377 (13.0%) |
| Vacant Housing Units | 309 (10.7%) |
| Median Home Value | $254,857 |
| Average Home Value | $319,090 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,618
Multi-Family
0
Businesses
119
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Listed by: Craig Deboor • Real Broker, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22063879