5693 Pearl StSpencervilleIN46788
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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 Spencerville at 5693 Pearl St, Spencerville, IN, 46788 with 5% annual appreciation on a $162,900 basis while $1,712/mo rent supports operations. Total monthly income totals $1,712/mo and a $797/mo payment preserves $734/mo for cash returns. Annual cash flow comes to $8,813/yr on $54,001 deployed, and return on cash invested reaches 36.23% in year one. Equity gained on principal adds $1,051/yr, and five-year appreciation sums $45,006 alongside rental yield of 12.61%. Five-year ROI measures 190.17% and total cumulative return in cash totals $102,696.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,712/mo property income versus a $797/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46788, Spencerville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,295 (100%) |
| Owner Occupied HU | 1,160 (89.6%) |
| Renter Occupied HU | 88 ( 6.8%) |
| Vacant Housing Units | 47 ( 3.6%) |
| Median Home Value | $357,944 |
| Average Home Value | $397,050 |
Housing Distribution
Address Breakdown
Residential
1,107
Single Family
1,107
Multi-Family
0
Businesses
32
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