53 Lakeshore DrClarksvilleIN47129
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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
Rental property for sale in Clarksville at 53 Lakeshore Dr, Clarksville, IN, 47129 offers $1,336/mo rent that, after a $749/mo payment, leaves $417/mo cash flow. Total monthly income is $1,336/mo, and annual cash flow is $5,009/yr on $50,720 cash. Return on cash invested measures 29.78% in year one, and rental yield stands at 10.48% at a $153,000 entry. Equity gained on principal adds $987/yr while 5% annual appreciation compounds into $42,271 by year five. Five-year ROI records 155.61% and total cumulative return in cash reaches $78,924. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,336/mo property income versus a $749/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1972
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47129, Clarksville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,788 (100%) |
| Owner Occupied HU | 4,747 (48.5%) |
| Renter Occupied HU | 4,093 (41.8%) |
| Vacant Housing Units | 948 ( 9.7%) |
| Median Home Value | $189,797 |
| Average Home Value | $217,139 |
Housing Distribution
Address Breakdown
Residential
9,317
Single Family
7,483
Multi-Family
1,834
Businesses
931
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Listed by: Melody J Von Vreckin • Semonin Realtors
Mls Name: GLARMLS
Mls ID: #1704823