56 S Cataract RdSpencerIN47460
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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 Spencer at 56 S Cataract Rd, Spencer, IN, 47460 priced at $550,000 pairs $2,128/mo rent with after a $2,692/mo payment. Total monthly income equals $2,128/mo. Return on cash invested is 12.28% in year one, and rental yield stands at 4.64% on a $550,000 basis. Equity gained on principal adds $3,549/yr, and 5% annual appreciation accumulates to $151,955 by year five. Five-year ROI measures 61.65% and total cumulative return in cash reaches $111,550. For financing, Ziffy Mortgage’s DSCR program evaluates $2,128/mo property income against a $2,692/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
20.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,784 (72.9%) |
| Renter Occupied HU | 949 (18.3%) |
| Vacant Housing Units | 457 ( 8.8%) |
| Median Home Value | $187,057 |
| Average Home Value | $214,772 |
Housing Distribution
Address Breakdown
Residential
4,901
Single Family
4,899
Multi-Family
2
Businesses
417
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