543 E Lucy LnEllettsvilleIN47429
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Nearby investment properties with comparable prices
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 Ellettsville at 543 E Lucy Ln, Ellettsville, IN, 47429 priced at $442,900 pairs $3,074/mo rent with $415/mo cash flow after a $2,168/mo payment. Total monthly income equals $3,074/mo, and annual cash flow comes to $4,981/yr on $146,821 invested. Return on cash invested is 23.3% in year one, and rental yield stands at 8.33% on a $442,900 basis. Equity gained on principal adds $2,858/yr, and 5% annual appreciation accumulates to $122,365 by year five. Five-year ROI measures 120.81% and total cumulative return in cash reaches $177,381. For financing, Ziffy Mortgage’s DSCR program evaluates $3,074/mo property income against a $2,168/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Housing Distribution
Address Breakdown
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
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Listed by: Todd Loucks • RE/MAX Connection
Mls Name: IRMLS
Mls ID: #202543006