573 E North StSpencerIN47460
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 Spencer at 573 E North St, Spencer, IN, 47460 priced at $213,000 pairs $2,136/mo rent with $855/mo cash flow after a $1,043/mo payment. Total monthly income equals $2,136/mo, and annual cash flow comes to $10,255/yr on $70,610 invested. Return on cash invested is 34.43% in year one, and rental yield stands at 12.03% on a $213,000 basis. Equity gained on principal adds $1,374/yr, and 5% annual appreciation accumulates to $58,848 by year five. Five-year ROI measures 180.52% and total cumulative return in cash reaches $127,461. For financing, Ziffy Mortgage’s DSCR program evaluates $2,136/mo property income against a $1,043/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1949
6,534 sqft 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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Listed by: Tammy Druckemiller • RE/MAX Realty Professionals
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436363
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.