550 Knight StCanneltonIN47520
Nearby investment properties with comparable rents
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 Cannelton at 550 Knight St, Cannelton, IN, 47520 offers $1,125/mo rent that, after a $727/mo payment, leaves $233/mo cash flow. Total monthly income is $1,125/mo, and annual cash flow is $2,801/yr on $49,228 cash. Return on cash invested measures 25.6% in year one, and rental yield stands at 9.09% at a $148,500 entry. Equity gained on principal adds $958/yr while 5% annual appreciation compounds into $41,028 by year five. Five-year ROI records 133.15% and total cumulative return in cash reaches $65,547. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,125/mo property income versus a $727/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2017
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47520, Cannelton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,558 (100%) |
| Owner Occupied HU | 934 (59.9%) |
| Renter Occupied HU | 387 (24.8%) |
| Vacant Housing Units | 237 (15.2%) |
| Median Home Value | $218,750 |
| Average Home Value | $251,004 |
Housing Distribution
Address Breakdown
Residential
1,481
Single Family
1,319
Multi-Family
162
Businesses
65
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices