5437 W Channing WayEllettsvilleIN47429
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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 Ellettsville at 5437 W Channing Way, Ellettsville, IN, 47429 listed at $369,900 pairs $2,844/mo rent with a $1,810/mo payment to leave $624/mo cash flow. Total monthly income runs $2,844/mo, and annual cash flow reaches $7,488/yr on $122,622 cash to close. Return on cash invested measures 26.02% in year one, and rental yield registers 9.23% at a $369,900 basis. Equity gained on principal adds $2,387/yr, and annual property appreciation at 5% supports $102,197 by year five. Five-year ROI tracks 135.39% and total cumulative return in cash totals $166,018. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,844/mo property income relative to a $1,810/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2020
0.34 Acres 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: Samantha Strunk • Millican Realty
Mls Name: IRMLS
Mls ID: #202603451