577 S Summit StFrench LickIN47432
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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 French Lick at 577 S Summit St, French Lick, IN, 47432 priced at $319,900 converts $2,020/mo rent into $99/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,020/mo, and annual cash flow totals $1,193/yr on $106,047 invested. Return on cash invested prints 21.03% in year one, and rental yield reads 7.58% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 108.66% and total cumulative return in cash sums $115,232. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,020/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1907
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47432, French Lick, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,152 (100%) |
| Owner Occupied HU | 1,401 (65.1%) |
| Renter Occupied HU | 481 (22.4%) |
| Vacant Housing Units | 270 (12.5%) |
| Median Home Value | $171,228 |
| Average Home Value | $188,499 |
Housing Distribution
Address Breakdown
Residential
1,950
Single Family
1,872
Multi-Family
78
Businesses
142
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Listed by: Shannon N Kendle • Key Associates Signature Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513117
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.