5293 E Honor AveDemotteIN46310
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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 Demotte at 5293 E Honor Ave, Demotte, IN, 46310 uses $83,439 cash to close to unlock $12,036/yr annual cash flow and $1,003/mo monthly cash flow. Total monthly income runs $2,514/mo, and a $1,232/mo payment keeps the spread at $1,003/mo. Purchase price stands at $251,700, and rental yield measures 11.99% with $2,514/mo rent. Return on cash invested shows 34.33% in year one, and 5% annual appreciation builds toward $69,540 over five years. Five-year ROI reaches 180.01% and total cumulative return in cash records $150,196. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,514/mo property income covering a $1,232/mo payment rather than investor’s personal income.
Single Family
Built in 1993
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46310, Demotte, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,852 (100%) |
| Owner Occupied HU | 4,635 (79.2%) |
| Renter Occupied HU | 964 (16.5%) |
| Vacant Housing Units | 253 ( 4.3%) |
| Median Home Value | $225,548 |
| Average Home Value | $253,131 |
Housing Distribution
Address Breakdown
Residential
5,660
Single Family
5,326
Multi-Family
334
Businesses
345
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