588 Pheasant DrWestvilleIN46391
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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 Westville at 588 Pheasant Dr, Westville, IN, 46391 priced at $499,900 converts $3,469/mo rent into $468/mo cash flow after a $2,447/mo obligation. Total monthly income equals $3,469/mo, and annual cash flow totals $5,615/yr on $165,717 invested. Return on cash invested prints 23.3% in year one, and rental yield reads 8.33% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 120.76% and total cumulative return in cash sums $200,112. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,469/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46391, Westville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,666 (100%) |
| Owner Occupied HU | 2,138 (80.2%) |
| Renter Occupied HU | 320 (12.0%) |
| Vacant Housing Units | 208 ( 7.8%) |
| Median Home Value | $282,919 |
| Average Home Value | $313,773 |
Housing Distribution
Address Breakdown
Residential
2,427
Single Family
2,197
Multi-Family
230
Businesses
109
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