5735 Elizabeth New Middletown Road SEElizabethIN47117
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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 Elizabeth at 5735 Elizabeth New Middletown Road SE, Elizabeth, IN, 47117 generates $1,249/mo in rent, after a $1,077/mo payment. Total monthly income is $1,249/mo. Return on cash invested sits at 18.73% in year one, and rental yield is 6.81% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 96.32% and total cumulative return in cash sums $70,247. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,249/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47117, Elizabeth, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,903 (100%) |
| Owner Occupied HU | 1,547 (81.3%) |
| Renter Occupied HU | 188 ( 9.9%) |
| Vacant Housing Units | 168 ( 8.8%) |
| Median Home Value | $235,074 |
| Average Home Value | $269,627 |
Housing Distribution
Address Breakdown
Residential
1,785
Single Family
1,785
Multi-Family
0
Businesses
42
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