563 Ridgeway CtFerdinandIN47532
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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 Ferdinand at 563 Ridgeway Ct, Ferdinand, IN, 47532 priced at $334,000 pairs $2,480/mo rent with $475/mo cash flow after a $1,635/mo payment. Total monthly income equals $2,480/mo, and annual cash flow comes to $5,698/yr on $110,721 invested. Return on cash invested is 25.06% in year one, and rental yield stands at 8.91% on a $334,000 basis. Equity gained on principal adds $2,155/yr, and 5% annual appreciation accumulates to $92,278 by year five. Five-year ROI measures 130.2% and total cumulative return in cash reaches $144,162. For financing, Ziffy Mortgage’s DSCR program evaluates $2,480/mo property income against a $1,635/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47532, Ferdinand, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,914 (100%) |
| Owner Occupied HU | 1,507 (78.7%) |
| Renter Occupied HU | 300 (15.7%) |
| Vacant Housing Units | 107 ( 5.6%) |
| Median Home Value | $278,564 |
| Average Home Value | $306,931 |
Housing Distribution
Address Breakdown
Residential
1,882
Single Family
1,882
Multi-Family
0
Businesses
164
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Listed by: Kara Hinshaw • Key Associates Signature Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202417711
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