5487 N County Road 575 EGrandviewIN47615
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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
Total monthly income runs $1,530/mo, and a $1,444/mo payment. Purchase price stands at $295,000, and rental yield measures 6.22% with $1,530/mo rent. Return on cash invested shows 16.95% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 86.79% and total cumulative return in cash records $84,878. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,530/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Home Type Unknown
Built in 2008
6.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47615, Grandview, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 657 (100%) |
| Owner Occupied HU | 494 (75.2%) |
| Renter Occupied HU | 98 (14.9%) |
| Vacant Housing Units | 65 ( 9.9%) |
| Median Home Value | $215,351 |
| Average Home Value | $249,423 |
Housing Distribution
Address Breakdown
Residential
602
Single Family
602
Multi-Family
0
Businesses
19
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