5835 McPhillips 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
Investment property for sale in Elizabeth at 5835 McPhillips Road SE, Elizabeth, IN, 47117 earns $290/mo cash flow from $1,172/mo rent with a $719/mo payment. Total monthly income totals $1,172/mo, and annual cash flow totals $3,481/yr on $48,731 capital. ROI tracks 27.05% on current figures, and rental yield reads 9.57% at a $147,000 purchase. Equity gained on principal adds $949/yr, and 5% annual appreciation supports $40,613 over five years. Five-year ROI reaches 140.98% and total cumulative return in cash sums $68,700. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,172/mo property income instead of your personal income.
Manufactured
Built in 2005
1.47 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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