5855 Forest Second StForestIN46039
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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 Forest at 5855 Forest Second St, Forest, IN, 46039 generates $1,112/mo in rent and, after a $842/mo payment, leaves $79/mo in cash flow. Total monthly income is $1,112/mo, and annual cash flow is $952/yr on $57,018 invested. Return on cash invested sits at 21.58% in year one, and rental yield is 7.76% on a $172,000 entry. Equity gained on principal adds $1,110/yr, while 5% annual appreciation builds toward $47,520 over five years. Five-year ROI reaches 111.61% and total cumulative return in cash sums $63,637. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,112/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46039, Forest, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 307 (100%) |
| Owner Occupied HU | 250 (81.4%) |
| Renter Occupied HU | 31 (10.1%) |
| Vacant Housing Units | 26 ( 8.5%) |
| Median Home Value | $181,250 |
| Average Home Value | $264,430 |
Housing Distribution
Address Breakdown
Residential
266
Single Family
266
Multi-Family
0
Businesses
4
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