5724 E Shore DrMorgantownIN46160
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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 Morgantown at 5724 E Shore Dr, Morgantown, IN, 46160 listed at $237,400 pairs $1,432/mo rent with a $1,162/mo payment. Total monthly income runs $1,432/mo. Return on cash invested measures 19.66% in year one, and rental yield registers 7.24% at a $237,400 basis. Equity gained on principal adds $1,532/yr, and annual property appreciation at 5% supports $65,589 by year five. Five-year ROI tracks 101.4% and total cumulative return in cash totals $79,802. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,432/mo property income relative to a $1,162/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
0.60 Acres lot
$N/A/sqft
$23 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46160, Morgantown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,890 (100%) |
| Owner Occupied HU | 2,204 (76.3%) |
| Renter Occupied HU | 377 (13.0%) |
| Vacant Housing Units | 309 (10.7%) |
| Median Home Value | $254,857 |
| Average Home Value | $319,090 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,618
Multi-Family
0
Businesses
119
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